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…
This year’s edition reflects the scale, speed and significance of the changes reshaping the global economy, from technological acceleration and geopolitical realignment to sustainability needs and new governance models. GBS 2026 will discuss many themes, including economic turmoil, industry, globalization, workforce transformation, energy security and business diversification. Source
All the shares of the index closed in the red. Infosys shares fell the most by 7.5 percent, making it the top loser of the day. Shares of sector giant Tata Consultancy Services declined by about 6 percent. At the same time, shares of HCL Technologies fell by 5.5 percent. Shares of Wipro and Tech…
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…
Infosys, Tata Consultancy Services, Wipro, HCL Technologies and other IT stocks are likely to remain under pressure on Friday after witnessing a sharp sell-off in the previous session. Concerns around Artificial Intelligence (AI)-led disruption and weak sentiment across global technology stocks continue to weigh on the sector. The Nifty IT Index plunged 5.5% in the…
Stock market today: Benchmark equity indices Sensex and Nifty 50 fell on Thursday, primarily impacted by significant losses in IT stocks like Infosys and Tata Consultancy Services, following negative signals from US markets. Continuing the downturn from the previous day, the 30-share BSE Sensex dropped 421.66 points, or 0.50%, reaching 83,811.98 in early trading. The…
IT stocks are going through a rough patch globally, hit by AI-led disruptions and concerns that AI automation can disrupt the traditional functions of the sector, such as outsourcing. Investors are also concerned about the mega investments in AI advancements and their impact on the sector going forward, as AI is increasingly getting embedded across…
While Claude isn’t the first to do all of this, it still sent the entire software world into a meltdown over the past few days. In a world awash with technology companies hoping to automate work with generative AI, how did Claude make such a massive splash? mint explains. What is Claude Cowork? Very simply…
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, entered a consolidation phase on Thursday, with the indices opening nearly unchanged, while IT stocks faced downward pressure and silver prices dropped significantly. Investor caution followed the recent upswing prompted by the India-US agreement, amid emerging concerns affecting certain sectors. The Nifty 50 index…
Indian IT stocks bled on Wednesday, February 4, tracking a selloff in US tech shares and concerns over new AI tools launched by Anthropic. The tools can automate tasks in legal, compliance, marketing, and data analysis—segments where IT services firms generate steady revenues. A stronger Indian Rupee added pressure, as it typically weighs on margins…
