Indian IT stocks have been under intense pressure in recent months as fears that growing artificial intelligence could disrupt the traditional outsourcing model that has powered the sector for decades. Yet, the recent escalation in the US–Iran conflict has added a new dynamic to the outlook, raising the question of whether the beaten-down sector could…
According to the brokerage, Nifty IT Index has fallen by about 19% so far this year, which is a weak performance compared to Nifty 50. The brokerage noted that expectations from AI are high, but growth challenges remain. Source
Foreign Portfolio Investors (FPIs) sold Indian Information Technology (IT) stocks worth nearly ₹17,000 crore in February amid rising concerns about potential disruption from artificial intelligence (AI) in the sector. The Nifty IT index declined nearly 20% during the month. The sharp sell-off in IT stocks came even as overall foreign portfolio investment flows into the…
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
With some relief, the Indian market was expected to digest optimism to sign an intermediate trade deal with the US, however, the clampdown by the US Supreme Court has brought a new set of uncertainty to the global market. Firstly, the US has reset the tariff to a universal 15%, diluting India’s expected relative advantage…
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….
Information Technology (IT) stocks traded high on Friday, February 27 despite weak trends in the Indian stock market today. The Nifty IT index rallied as much as 2.45% with almost all the constituents trading in the green. Mphasis, LTI Mindtree, Infosys, Coforge and Tech Mahindra were the top Nifty IT contributors, gaining over 1% each….
Stock market today: The domestic benchmark indexes, Nifty 50 and Sensex, saw slight gains in early trading on Thursday, driven by IT stocks as strong earnings from Nvidia helped boost Asian tech stocks and enhanced market sentiment, although analysts predict that risk appetite may remain low due to a lack of domestic catalysts. As of…
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…
