stock market today: Indian stock market benchmarks closed sharply lower on Tuesday, February 24, as global uncertainty, geopolitical risks and a steep selloff in technology stocks weighed heavily on investor sentiment. The decline erased recent gains and pushed the market back into a technically sensitive zone, making near-term support and resistance levels crucial for traders…
However, he cautioned that India’s information technology (IT) companies are staring at an earnings cut, likely to begin in fiscal 2027-2028, amid concerns that artificial intelligence (AI) will compress billings and revenue growth. Edited excerpts: The Nifty IT Index is down 21% in the last year and has fallen 17% in the last month. How…
Even as businesses incorporating AI are increasingly grabbing attention, their stocks haven’t been immune to volatility. Here are three that have fallen significantly from 52-week highs. #1 Happiest Minds Technologies The company is an AI-first, customer-centric digital engineering company with an integrated approach that spans chip to cloud. Happiest Minds delivers secure and scalable solutions…
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…
Amidst the slowdown in the IT sector, the next uptick in the market may come from sectors like manufacturing, BFSI, healthcare, consumption and energy… highlights There has been a sharp slowdown in the IT sector for a long time. Nifty IT has declined by about 17 percent in 1 month. The next uptick in the…
The bloodbath in IT stocks showed signs of easing as the gauge tracking Indian tech companies extended gains on Tuesday, February 17, amid low-level buying. Several bullish investors are now using the recent tech rout — which wiped out ₹4.85 lakh crore in market capitalization of Nifty IT firms since Anthropic’s February 3 announcement —…
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…
Fears of disruption have gripped Indian information technology (IT) stocks amid the growing focus on artificial intelligence (AI). In February alone, the Nifty IT index has declined by 14%. It all started with Palantir Technologies Inc.’s earnings call earlier this month, where it claimed its AI platform was powering complex SAP (enterprise resource planning software)…
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…
