Mumbai: Indian software services shares suffered another selloff on Thursday, with the Nifty IT index falling more than 5% for the second time in less than 10 days, as unexpectedly strong US jobs data for January further fueled existing concerns about AI’s impact on the sector. The NSE’s IT benchmark fell 5.5% to close at […]
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 […]
India’s largest institutional investor, Life Insurance Corporation of India (LIC), ended 2025 on a rather sour note, with 64% or 184 of its portfolio stocks underlined in red. The conclusion was drawn from an analysis of 288 stocks in which LIC invests. Moreover, its own performance during the year was moderate: the counter fell by […]
Indian IT shares can fall in the midst of the current headwind, but they are the backbone of the domestic economy, which generate millions of jobs, foreign exchange reserves while building a technical ecosystem, Gurmeet Chadha, Managing Partner & CIO at complete Circle Consultants, said analysts in his views “. -Shares must analyze, sell or […]
The Indian market ended on Thursday in the Green, with the Nifty 50 that extended his winning series to a seventh session after the US President Donald Trump said he was planning to speak with Prime Minister Narendra Modi to alleviate trade fictions. The hope of new life-breathing tariff discussions weighed heavier than taking a […]