Mumbai, April 15 (IANS) Indian equity markets opened on a strong note on Wednesday, with both benchmark indices rallying sharply amid easing geopolitical concerns after signals of a possible de-escalation in tensions between the United States and Iran.Investor sentiment improved after US President Donald Trump indicated that the conflict with Iran could be nearing its end, raising hopes of stability in global markets.During early trade, the Nifty surged 1.61 per cent, or 392.75 points, to trade …
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Mumbai, March 19 (IANS) Indian stock markets witnessed a sharp fall on Thursday over rising global tensions and a sudden spike in oil prices, as the ongoing conflict involving the US, Israel and Iran disrupted key energy infrastructure.The benchmark indices, Nifty and Sensex, ended the session with steep losses as both indices logged their steepest single-day fall in nearly two years.The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, …
Mumbai, Feb 26 (IANS) Foreign institutional investors (FIIs) logged their highest inflow in 17 months in the month of February, recording net inflows of about $2.44 billion, as per exchange data on Thursday.FIIs bought nearly $2.14 billion in secondary markets and $299 million in primary markets in February, posting the largest monthly net purchase since September 2024.Primary market buying by FIIs has been steady since October 2023 but between January 2024 and December 2025, cumulative secondar…
New Delhi, Feb 25 (IANS) Tata Consultancy Services on Wednesday asked its employees to actively use artificial intelligence tools to deliver work faster and at lower cost, even if it impacts the company’s short-term revenue.Speaking at the Nasscom Technology and Leadership Forum in Mumbai, TCS CEO K Krithivasan said the company is encouraging associates to inform clients if tasks can be done quicker and cheaper using AI, even if that leads to revenue cannibalisation.He said employees should ad…
New Delhi, Feb 14 (IANS) Artificial intelligence (AI) is unlikely to replace IT services companies anytime soon, according to a new report by JP Morgan’s Asia Pacific Equity Research team. Instead of shrinking the industry, AI is expected to become another tool that helps companies deliver more work within the same budgets.In a note titled “India IT Services: Looking through the AI fog 2 — Discounted for extinction? Div/FCF yields at crisis levels,” JP Morgan said fears that AI could wipe…
Mumbai, Feb 12 (IANS) The Indian equity markets opened lower early on Thursday weighed down by IT stocks.As of 9.25 am, Sensex lost 397 points, or 0.47 per cent, to reach 83,836, and Nifty lost 111 points, or 0.43 per cent, to settle at 25,842.Main broad-cap indices posted stronger losses than benchmark indices, as the Nifty Midcap 100 declined 0.76 per cent, and the Nifty Smallcap 100 dipped 0.88 per cent.All sectoral indices traded in the red except FMCG, private banks as well as oil and gas. …
Mumbai, Feb 4 (IANS) The Indian equity markets posted moderate gains on Wednesday morning with broad-based gains across sectors, weighed down by losses in IT stocks due to AI-driven ‘SaaSpocalypse’.The Indian IT stocks plummeted tracking negative Wall Street cues over steeper competition and lower margins, stemming from AI advancement, after the latest launch of a legal tool by Anthropic for its Claude AI chatbot.As of 9.25 am, Sensex added 44 points, or 0.05 per cent, to reach 83,783, and N…
Mumbai, Jan 29 (IANS) The Indian equity markets traded lower early on Thursday, tracking mixed global cues and weakness in IT stocks.As of 9.30 am, Sensex eased 347 points, or 0.42 per cent, to reach 81,997, and Nifty lost 81 points, or 0.32 per cent at 25,260.The rupee declined past the key 92 a dollar barrier in early trade, eclipsing its previous all-time low of 91.9650 last week.Main broad-cap indices showed divergence with benchmark indices, as the Nifty Midcap 100 gained 0.21 per cent, and…
Mumbai, Jan 18 (IANS) Indian stock markets are likely to remain volatile in the coming week as investors track the progress of the December quarter earnings season, developments related to India-US trade ties, and key global economic data from the United States.The benchmark indices, Sensex and Nifty, snapped their two-session losing streak on Friday (January 16), supported by strong buying interest in IT and banking stocks.The Sensex rose 188 points, or 0.23 per cent, to close at 83,570.35, whi…
Mumbai, Jan 10 (IANS) The Nifty delivered a strong annual return of 10.51 per cent, even as broader markets remained largely flat in December, a new report said on Saturday.The data compiled by latest Global Market Snapshot report by Motilal Oswal Mutual Fund showed that while short-term market movement was mixed, select sectors such as metals and automobiles continued to outperform over longer periods.In December, the Nifty slipped marginally by 0.28 per cent. However, the benchmark index poste…