Shares of Infosys, the country’s second-largest software maker, came under renewed selling pressure in Tuesday’s session, March 17, falling nearly 3% to ₹1,215, marking the lowest level since April 2023, as the sell-off in tech stocks continued to expand even as the broader market showed signs of recovery. Today’s decline has brought the stock’s month-to-date…
IT stocks crashed another 6% in intraday trading on Monday, March 2, after the US-Iran war, extending the abysmal performance seen last month amid worries that artificial intelligence (AI) could disrupt the labour-intensive IT sector in India by streamlining project timelines and reducing order wins. Source
GREED & Fear Report: India stands at a fascinating crossroads. Artificial intelligence (AI) is widely viewed as a disruptive force, particularly for the country’s Rupee-heavy IT services sector, yet at the same time it is being embraced as a generational opportunity. According to the latest GREED & Fear report by Chris Wood, the mood in…
Shares of Infosys, the country’s second-largest software maker, are on track to post their worst monthly performance in over a decade amid investor concerns over disruptions linked to artificial intelligence. The sell-off is not limited to Infosys; other tech majors have also seen their stocks melt heavily on exchanges, erasing billions from their market value….
Indian IT stocks including Infosys, TCS, HCL Tech will be in focus on Thursday, February 26 after artificial intelligence (AI) chipmaker Nvidia delivered another exceptionally strong quarter on Wednesday, reinforcing its dominant position in the global AI ecosystem even as investors debate whether the current AI boom is sustainable or overheated. Nvidia reported quarterly results…
IT stocks witnessed a breather on Wednesday, February 25, in an otherwise tumultuous month for the tech stocks, which have been rocked by the fears of artificial intelligence weighing on the labour-intensive Indian IT software industry. The Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance…
Indian IT stocks rallied in early trade on Wednesday, recouping some of the heavy losses from previous session, following a rally in global technology stocks. The Nifty IT index gained over 2.8%, emerging the top-performing sector on the NSE. The gains in IT stocks came amid a rally in the Indian stock market, with the…
IT Stocks: India has increasingly emerged as what Chris Wood of Jefferies describes as the “reverse AI trade”, a theme he has discussed earlier in the GREED & Fear report. A key positive catalyst came with the announcement of a strategic tie-up between Anthropic and Infosys to jointly develop custom AI agents tailored to the…
Indian IT stocks declined as much as 2.5% in Monday’s trading session after brokerage firm Jefferies downgraded the sector, stating that the pain caused by artificial intelligence-triggered disruption is not yet over. Among the IT pack, Mphasis emerged as the top loser, dropping 2.5% to ₹2,314.30, followed by Infosys and Wipro, which fell nearly 2%…
Foreign Portfolio Investors (FPIs) dumped Indian information technology (IT) stocks worth nearly ₹11,000 crore in the first half of February, amid mounting concerns over artificial intelligence (AI)-led disruption in the sector. FPIs were net sellers of Indian IT shares to the tune of ₹10,956 crore between February 1 and 15, according to data from the…
