Latest Updates Around The World
The Nifty IT index fell nearly 6%, its steepest single-day decline in six years. Markets closed marginally higher on Wednesday after a sharp sell-off in information technology stocks, triggered by fears that artificial intelligence would disrupt traditional software business models, wiped out gains in the oil and gas and consumer-facing sectors, with the BSE Sensex […]
Rajat Sharma, Founder and CEO of Sana Securities, shared a value-driven, selective investment outlook across banking, IT, defense and FMCG sectors, emphasizing long-term valuations and fundamentals over short-term momentum.On the banking and financial sector, Sharma said in an interview with ETNow that he believes the recent pullback in major private banks like HDFC Bank and […]
Indian shares closed lower on Tuesday, with the Sensex and Nifty retreating from record levels after heavyweight stocks HDFC Bank and Reliance Industries weighed on benchmarks and investors booked profits after a recent rally.The BSE Sensex fell 376.28 points, or 0.44%, to close at 85,063.34, while the NSE Nifty 50 fell 71.6 points, or 0.27%, […]
IT stocks fell as much as 3.7% on Monday ahead of the earnings season, which starts next week with the announcement of third-quarter results by IT vendor Tata Consultancy Services (TCS) and HCL Technologies.HCL Technologies was the biggest loser, followed by Infosys, which fell 3.5% intraday to hit an intraday low of Rs 1,583.10 on […]
Indian shares closed lower on Monday, with losses in IT stocks and renewed worries about additional US tariffs dogging Nifty and Sensex, offsetting a flurry of upbeat business updates that had boosted expectations of stronger quarterly profits.The BSE Sensex fell 322.39 points, or 0.38%, to close at 85,439.62, while the NSE Nifty 50 fell 78.25 […]
India’s second-largest IT services company Infosys on Saturday issued a statement on the unprecedented 40% rise in its American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE) on Friday, saying that no material events related to the move have occurred that required disclosure.“The Company observed volatility in the price of its American Depositary […]
The Indian market went on a three-day losing streak on Thursday with the Sensex and Nifty staging a broad recovery after the US Federal Reserve implemented a 25 basis point interest rate cut overnight. The recovery came at the same time as the rupee weakened to a new low amid growing concerns over the lack […]
Indian shares closed higher on Thursday, with the Sensex and Nifty registering a four-day decline, lifted by IT stocks ahead of the Reserve Bank of India’s policy decision on Friday.The S&P BSE Sensex rose 158 points, or 0.19%, to 85,265.32, while the NSE Nifty 50 rose 48 points, or 0.18%, to 26,033.75. IT stocks accounted […]
IT stocks such as Infosys, TCS and Wipro rose up to 2% on Wednesday after the sharp fall in the rupee past the Rs 90 per dollar mark spurred renewed buying in high-export technology names. The currency’s fall to an unprecedented 90.13 against the US dollar, its weakest level ever, pushed investors towards dollar income […]
Driven by stabilizing global interest rate dynamics and a gradual increase in enterprise technology budgets, Viraj Gandhi, CEO of SAMCO Mutual Fund, believes India’s IT stack is positioned for a moderate comeback in 2026. While the sector faced a challenging 2025 amid subdued discretionary spending, he expects improving deal traction, recovery in margins and normalizing […]
