Latest Updates Around The World
India’s frontline indices Nifty and the BSE Sensex closed sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. Today’s fall has wiped out Rs 2.85 lakh crore of investor wealth for stocks listed on the BSE. While the 30-share Sensex closed 1,069 points or 1.28% lower at 82,226, the […]
Real estate stocks fell as much as 5% on Tuesday, amid a carnage in the IT sector, which is facing an existential crisis in AI-led challenges. India’s technology sector is among the top employers and is linked to the demand for commercial real estate and urban housing.The Nifty Realty index fell 3% today to touch […]
Shares of major information technology companies came under pressure on February 24, falling as much as 8%, following a sharp decline in IBM among restive investors on Wall Street. The stock fell 13%, its worst single-day drop in 25 years, after AI startup Anthropic said its Claude tool can help streamline COBOL code.COBOL, short for […]
India’s benchmark indices recovered on Monday, breaking their recent losing streak amid strong gains in financial and energy stocks, with additional support from pharmaceutical and healthcare stocks. The Nifty ended its two-day decline to close at 25,682.75, up 211.65 points or 0.83%, while the 30-share BSE Sensex recovered from a three-session decline to settle at […]
Indian markets broke their losing streak on Monday, supported by gains in the financial sector and energy stocks, with added strength from the pharmaceutical and healthcare sectors. The Nifty ended a two-session decline to close at 25,682.75, up 211.65 points or 0.83%, while the 30-share BSE Sensex recovered after three straight declines to end at […]
ET Intelligence Group: Will Indian software companies rise to the challenge posed by new models of artificial intelligence (AI) that are transforming the way business solutions are implemented and delivered to customers? While the jury is still out, one thing is clear: domestic software exporters are far from unprepared. Both large and mid-sized IT companies […]
Infosys’ American Depositary Receipts (ADRs) reversed Thursday’s losses on Friday, rising 4% in early trade to hit a day’s high of $14.77, while Wipro’s ADRs rose 2.2% to $2.33 despite selling pressure on the Nasdaq Composite and weak trading in domestic IT stocks for yet another session today.Major indices on Wall Street were trading lower […]
Benchmark indices Sensex and Nifty opened 1% lower on Friday, extending losses for the second straight session, after a deeper sell-off in IT stocks disrupted investor sentiment amid rising fears of AI-induced disruption. The slide also came on Friday the 13th – a date long considered unlucky in the West.Heavyweights Infosys, TCS, HCLTech and Wipro […]
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 […]
Indian benchmark indices ended with cuts on Thursday led by massive selling pressure on IT stocks. The other notable laggards were energy and real estate stocks. While Nifty ended at 25,807.20, down 146.65 points or 0.57%, the BSE Sensex fell 558.72 points or 0.66% to 83,674.92. Meanwhile, the volatility gauge India VIX ended at 11.73, […]
