Infosys share price: Large-cap IT stock Infosys is a great illustration of the power of long-term investing. A modest ₹1 lakh investment at Infosys’ listing in June 1993, when the shares were priced at ₹145 would have turned to ₹16.7 crore today. The IT stock was listed at ₹145, which means a ₹1 lakh investment…
Stocks to buy: Indian IT stocks including Infosys, TCS, HCL Tech, and others recovered on Tuesday, February 17 with the Nifty IT index gaining over 2% in intra-day deals on profit booking. The IT space has been under pressure recently on concerns that artificial intelligence (AI) will disrupt the sector, increasing competitive pressure within the…
Indian IT stocks remained under heavy pressure on Friday, extending losses for a third consecutive session as selling intensified across the sector amid concerns regarding AI-led disruptions. The pressure was further aided by fading expectations of a near-term interest rate cut by the US Federal Reserve after stronger-than-expected labor market data. The Nifty IT index…
Indian IT stocks witnessed a massive sell-off for the third straight session on Friday, February 13, following a rout in global technology stocks in the US market. The fall was triggered by lingering concerns over artificial intelligence (AI)-led disruption in the sector. It was further intensified by stronger-than-expected US employment data, which sharply reduced expectations…
IT stocks crash: Indian IT stocks, including tech behemoths like Tata Consultancy Services, Infosys and Wipro, fell like ninepins in the early morning trade on Wednesday, February 4, tracking an overnight decline in tech stocks on Wall Street amid concerns that artificial intelligence could intensify competition. The recently updated artificial intelligence (AI) chatbot by Anthropic…
