Latest Updates Around The World
Mumbai: Traders have stepped up their bearish derivatives bets on India’s IT sector to all-time highs in recent times as global AI-related developments have raised questions over the prospects of software exporters and triggered a sharp sense of risk in the sector. While most IT stock futures see their biggest position builds in 2026, bearish […]
Foreign institutional investors (FIIs) are fleeing India’s tech sector at an alarming rate, unconvinced that software services giants can survive the AI disruption that threatens to erode their business models. FIIs withdrew Rs 10,956 crore from Indian IT stocks in the first two weeks of February after the launch of new models from Claude and […]
After a brutal two-day sell-off that saw Infosys and Wipro ADRs fall as much as 14.5%, Friday’s session brought a much-needed breather. The bargain hunt started at lower levels, leading to a sharp rebound as Infosys rose 4% while Wipro rose 3%, helping both stocks end the week on a much stronger note.A whopping Rs […]
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 […]
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 […]
The software sector was rocked overnight by what analysts are calling a ‘SaaSpocalypse’ – a sudden and severe sell-off caused by new artificial intelligence tools unveiled by US AI startup Anthropic. This episode has heightened investor fears that AI will no longer just help software companies, but may now replace them. So, first: what exactly […]
Global money managers are warming up to the shares of Indian software exporters again as they focus their activities on artificial intelligence.While revenues from developing AI-based products are still small, analysts and investors are excited about the growth shown by companies including Tata Consultancy Services Ltd., Infosys Ltd. and HCL Technologies Ltd. TCS said revenue […]
IT services company LTIMindtree on Monday reported an 11% decline in consolidated net profit for the December quarter to Rs 971 crore, compared to Rs 1,085 crore in the same period last year. The profit after tax (PAT) is attributable to the shareholders of the company.However, excluding the one-time impact of the new labor law, […]
The markets may be in a phase of consolidation, but select opportunities continue to emerge across sectors for investors who are willing to be discerning, Pankaj Pandey, head of research at ICICI Direct, told ET Now.In life insurance, Pandey noted that growth trends have been uneven throughout the year so far. “On the life insurance […]
As the December quarter earnings season kicks off for the IT sector, investor attention is firmly on large-cap names like TCS, HCL Tech and LTIMindtree, with the Street bracing for a seasonally softer quarter on revenue but closely monitoring deal momentum, margins and the evolving AI story.For TCS, expectations are largely stable and unspectacular. The […]
