Mumbai, May 29 (IANS) Indian equity benchmark indices ended sharply lower on Friday after a volatile trading session, as uncertainty surrounding a possible US-Iran understanding triggered heavy selling in the final hour of trade.The Sensex closed at 74,775.74, down 1,092.06 points or 1.44 per cent, while the Nifty settled at 23,547.75, declining 359.40 points or 1.50 per cent.The Nifty witnessed sharp swings during the session, touching an intra-day high of 24,002.80 before falling to a low of 2…
Latest Nifty IT index News & Updates
Mumbai, May 19 (IANS) Domestic equity markets traded higher on Tuesday in early trade amid hopes of a de-escalation in the West Asia conflict after US President Donald Trump indicated a possible nuclear deal with Iran.Sensex rose as much as 368 points or 0.48 per cent to hit an intraday high of 75,683 in morning trade, while Nifty was trading at 23,758, up 110 points or 0.45 per cent.Sectorally, IT stocks led the gains, with the Nifty IT index surging 4 per cent. Similarly, the Nifty MidSmall IT…
Mumbai, May 18 (IANS) Indian equity benchmarks erased most of their intra-day losses to end marginally higher on Monday, aided by strong buying in information technology stocks even as investors continued to track developments in West Asia.The benchmark Nifty closed 6.45 points, or 0.03 per cent, higher at 23,649.95, while the Sensex gained 77.05 points, or 0.10 per cent, to settle at 75,315.04. Both indices had traded in negative territory for most of the session before recovering in late trade…
New Delhi, May 12 (IANS) Indian IT stocks took a deep plunge on Tuesday, dragging the Nifty IT index down 3.73 per cent to its lowest level since May 2023 after OpenAI said it would launch a new company with $4 billion initial investment to help organisations build and deploy artificial intelligence.A weak earnings outlook for the sector from analysts also impacted the sentiments with Nifty IT index extending losses for a second session.It became the top sectoral loser on the National Stock Exch…
Mumbai, April 24 (IANS) Indian equity benchmarks ended sharply lower on Friday as a surge in crude oil prices rattled investor sentiment amid rising geopolitical tensions linked to stalled US-Iran talks and disruption at the Strait of Hormuz.The Sensex dropped 982.71 points, or 1.27 per cent, to close at 76,681.29, while the Nifty declined 275.10 points, or 1.14 per cent, to settle at 23,897.95.Commenting on technical outlook, experts said that on the upside, 24,000 has now emerged as a strong r…
Mumbai, April 24 (IANS) The domestic equity markets saw negative performance in early hours on Friday amid elevated geopolitical tensions and the Q4 earnings season.Sensex was trading at 77,263, down 0.51 per cent or 400 points, while Nifty was down 0.41 per cent, or 100 points, in early trade amid panic selling in IT, financial and pharma stocks. However, support was seen in FMCG and chemical scrips.Cipla, Infosys, Dr Reddy’s Laboratories, Sun Pharma, TCS and ICICI Bank were among the top lag…
New Delhi, April 3 (IANS) Sentiment towards India’s IT services sector has turned more bearish amid rising global uncertainties, although investors remain hesitant to take strong directional bets, a report said on Friday.BNP Paribas India said in its report that while uncertainty has increased, investors — particularly hedge funds — are avoiding clear market calls and are instead reducing exposure by trimming factor-based positions.The report noted that recent volatility, including rapid rev…
New Delhi, March 17 (IANS) IT stocks came under selling pressure on Tuesday, emerging as the top dragger among sectoral indices amid rising concerns over the impact of generative artificial intelligence on traditional revenue streams.The Nifty IT index declined as much as 2.59 per cent to 28,288, hitting an intra-day low, with all constituents of the index falling by up to around 7 per cent.Meanwhile, the Nifty traded with high volatility, while weakness was also seen in PSU Bank and FMCG indice…
Mumbai, March 9 (IANS) Indian stock markets ended sharply lower on Monday as rising geopolitical tensions linked to the ongoing US-Iran war weighed on investor sentiment.Although the indices recovered partially from the day’s lows after crude oil prices eased.The Nifty settled at 24,028.05, down 422.40 points or 1.73 per cent. The index also officially entered the technical correction zone after falling more than 10 per cent from its record high of 26,373, which it had touched on January 5.The…
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…