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…
Latest Nifty IT index News & Updates
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…
Mumbai, Feb 24 (IANS) India’s benchmark equity indices recorded their worst session in four days on Tuesday, dragged down by heavy selling in banking, infrastructure and IT stocks amid fresh concerns over US trade policy.The 50-share Nifty ended 1.12 per cent, or 288.35 points, lower at 25,424.65. The Sensex closed 1.28 per cent, or 1,068.74 points, down at 82,225.92.Commenting on Nifty technical outlook, an analyst said that the 25,500–25,600 zone remains a crucial resistance band; a decisi…
Mumbai, Feb 13 (IANS) The Indian equity markets ended deep in red on Friday, extending losses for the second consecutive trading session.At the closing bell, Sensex lost 1,048 points, or 1.25 per cent to settle at 82,626. The Nifty shed 336 points, or 1.30 per cent, to close at 25,471.The sharp decline was largely driven by intensifying global concerns over AI-led disruption to India’s outsourcing model.The broader markets performed in line with benchmark indices, as Nifty Midcap 100 index dip…
New Delhi, Feb 12 (IANS) The technology sector saw heightened panic selling on Thursday, sending the Nifty IT index down 5.51 per cent to a four‑month low as investors were spooked over AI‑led disruption and weaker hopes for near‑term US interest‑rate cuts.The combined market capitalisation of Nifty IT constituents collapsed to Rs 27,32,579 crore down roughly Rs 1.6 lakh crore.Shares of major software exporters tumbled over 5.5 per cent each, with Tata Consultancy Services falling 5.48 p…
Mumbai, Jan 14 (IANS) Indian stock markets ended lower on Wednesday after a highly volatile trading session, as losses in IT and realty stocks weighed on investor sentiment. Rising geopolitical tensions and uncertainty surrounding the US-India trade deal also capped any meaningful recovery during the day.The Sensex slipped 0.29 per cent, or 244.98 points, to close at 83,382.71, while the Nifty ended 0.26 per cent, or 66.70 points, lower at 25,665.60.“From a derivatives perspective, Nifty optio…