Top 10 Companies MCap: Value of top 10 companies decreased by ₹ 4.48 lakh crore in a week, SBI and HDFC Bank lost the most – Market | ET Now Swadesh Top 10 Companies MCap: Last week, the total market valuation of top-10 domestic companies decreased by Rs 4.48 lakh crore. This coincided with a…
Sensex Top Companies MCap: Due to the declining trend in the stock market last week, the combined market valuation (market cap) of eight of the top 10 valuable companies of the country has decreased by Rs 2,81,581.53 crore. In this, State Bank of India (SBI) had to suffer the most loss. Source
The US-Iran war is wreaking havoc on market sentiment. The Sensex plunged over 2,700 points at the opening on Monday but later pared most of its losses. Still, the index was trading about 1,000 points lower at 10:30 am. The NSE benchmark, the Nifty 50, was hovering near 24,850 at that time. The market is…
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….
Concerns that emerging artificial intelligence tools might displace major IT services providers are “overblown” because organizations still require professional assistance to implement and scale these technologies, Babak Hodjat, Cognizant’s chief AI officer, stated in a reuters interview. The rise of automated tools from startups like Anthropic has sparked anxiety regarding potential disruption to the business…
The IT index recovered as heavyweight stocks led the way, with Persistent, Tech Mahindra and OFSS being the top gainers, raising fresh hopes that rising AI compute demand and enterprise-cloud adoption will lead to strong deal flow for Indian IT services companies. Source
Tata Consultancy Services (TCS) share price gained nearly 2% on Thursday, February 19, after the company announced partnership with OpenAI. TCS share price rose as much as 1.98% to ₹2,748 apiece on the BSE. The rally in TCS share price today mirrored gains in overall IT stocks, with the Nifty IT index rising 0.5% despite…
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…
Photo : ET NOW SWADESH Digital Tata Sons preparing for EGM, possibility of confirmation on N Chandrasekaran’s third term Tata Sons, the holding company of Tata Group, is preparing to convene an Extraordinary General Meeting (EGM) next week, in which the board may give formal approval to the proposal to reappoint N Chandrasekaran for a…
Sensex Top Companies MCap: After the last two days of decline in the stock market, the market capitalization (market cap) of six of the top 10 most valuable companies of Sensex declined by more than Rs 3 lakh crore last week. The biggest losers were Information Technology (IT) sector companies Tata Consultancy Services (TCS) and…
