IT stocks: The sentiment around IT stocks seems to be shifting, as visible in the over 1% jump in the technology gauge of the Indian stock market. The Nifty IT index extended its rebound on Tuesday, February 17, showing early signs of a trend reversal after last week’s sharp selloff. Investors bought the dip following…
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…
IT stocks: Shares of IT stocks including Infosys, Tata Consultancy Services (TCS), Wipro, and other technology stocks slid again on Monday, February 16, marking the fourth straight session of losses for the sector as concerns over artificial intelligence-led disruption continued to weigh on investor sentiment. The Nifty IT index slipped 1.1% in intraday trade. Over…
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…
While Indian IT stocks crashed on Wednesday amid fears that AI tools could disrupt traditional outsourcing models, Deepak Shenoy, CEO of Capitalmind AMC, offered a practical lens to view the situation — how to contain potential IT job losses in the AI ​​era rather than panic over disruption. Instead of viewing AI as a threat…
