Mumbai, Feb 15 (IANS) After a sharp fall in benchmark indices, investors will closely track global and domestic cues next week, including the US Federal Reserve minutes, RBI policy signals, IT sector trends, bullion prices and foreign investor activity, which are likely to decide the direction of the Indian stock market.Indian stock markets ended sharply lower on Friday, (February 13), weighed down by weak global cues and rising worries over artificial intelligence and its possible impact on the…
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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…
New Delhi, Feb 4 (IANS) Concerns over software stocks globally impacted Indian IT stocks on Wednesday as US AI firm Anthropic expanded its enterprise AI assistant with a new automation layer designed to handle complete business workflows.Investor caution of artificial intelligence replacing significant portions of the software business, resulting in a massive sell-off now known as the “SaaSpocalypse.”The new AI assistant could automate legal document reviews, compliance checks, sales planning, m…
Mumbai, Feb 1 (IANS) Indian stock markets witnessed a sharp fall on Budget Day as investors reacted negatively to the government’s decision to raise the Securities Transaction Tax (STT) on futures and options trading.The benchmark indices Sensex and Nifty recorded their biggest Budget-day decline in six years, with both ending around 2 per cent lower in a special trading session held on February 1.By the end of the session, the Sensex closed at 80,723, while the Nifty settled at 24,825, losing…
New Delhi, Jan 29 (IANS) Prime Minister Narendra Modi on Thursday told top CEOs and experts working in the field of Artificial Intelligence that there should be no compromise on the ethical use of AI.The Prime Minister was interacting with the CEOs in a meeting held at his Lok Kalyan Marg residence, in the run-up to the IndiaAI Impact Summit in February. The session was aimed at fostering strategic collaborations, showcasing AI innovations, and accelerating India’s AI mission goals.PM Modi hig…
New Delhi, Jan 20 (IANS) Some prominent Indian CEOs from India are likely to join a select group of 146 global corporate leaders for a meeting with US President Donald Trump at the World Economic Forum (WEF) meeting in Davos on Wednesday.India’s tech and industrial leaders, including Tata Sons Chairman N. Chandrasekaran, Wipro CEO Srini Pallia, Bharti Enterprises Founder Sunil Bharti Mittal and Infosys CEO Salil Parekh, are set to attend the high-level session during the WEF, according to a re…
Mumbai, Jan 20 (IANS) Early results from India Inc’s December quarter showed a muted earnings season as one‑time charges tied to the new labour code and other transitional costs weighed on profits, industry analysts said.About 10 Nifty 50 firms have reported their results so far, mostly IT companies and few banks. Analysts said there were no upside surprises in the results, with most companies delivering mixed results or falling short of expectations.A major drag on corporate earnings was th…
New Delhi, Jan 16 (IANS) IT major Wipro on Friday reported a consolidated net profit at Rs 3,119 crore for the October-December quarter (Q3), down almost 4 per cent on-quarter and nearly 7 per cent on-year, the company’s quarterly results showed.The company’s board declared an interim dividend of Rs 6 per share.Wipro’s gross revenue grew to Rs 23,560 crore, an increase of 1.2 per cent (on-quarter).The operating margin for the quarter was 17.6 per cent, registering an expansion of 0.9 per c…
New Delhi, Jan 10 (IANS) The stock market focus in the coming week will shift firmly to third-quarter (Q3) earnings from India Inc, with heavyweight IT companies set to take centre stage and drive index-level direction, analysts said on Saturday.HCL Tech, TCS, Infosys, Tech Mahindra and Wipro— together accounting for nearly 13 per cent of the Nifty’s weight — are scheduled to report, making their results and management commentary critical for broader market sentiment.“Investor focus will…
Mumbai, Dec 22 (IANS) Indian stock markets ended on a strong note on Monday, extending the gains seen in the previous session, even as global cues remained mixed. Buying interest in information technology and metal stocks helped push the benchmark indices higher.Positive sentiment was also supported by optimism around the signing of the India–New Zealand free trade agreement, which boosted investor confidence.The Sensex closed at 85,567.48, rising by 638.12 points, or 0.75 per cent. Similarly,…