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 […]
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 […]
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 […]
Mumbai: Indian stock indexes ended higher for a sixth straight session on Thursday after giving up most of the nearly 1% gain earlier in the day, fueled by optimism around reports that India is negotiating with the US to cut tariffs from 50% to 15-16%. While information technology (IT) stocks led the upward movement on […]
