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
IT Stocks: India has increasingly emerged as what Chris Wood of Jefferies describes as the “reverse AI trade”, a theme he has discussed earlier in the GREED & Fear report. A key positive catalyst came with the announcement of a strategic tie-up between Anthropic and Infosys to jointly develop custom AI agents tailored to the…
Indian IT stocks declined as much as 2.5% in Monday’s trading session after brokerage firm Jefferies downgraded the sector, stating that the pain caused by artificial intelligence-triggered disruption is not yet over. Among the IT pack, Mphasis emerged as the top loser, dropping 2.5% to ₹2,314.30, followed by Infosys and Wipro, which fell nearly 2%…
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 —…
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…
IT stocks crash: Indian IT stocks, including tech behemoths like Tata Consultancy Services, Infosys and Wipro, fell like ninepins in the early morning trade on Wednesday, February 4, tracking an overnight decline in tech stocks on Wall Street amid concerns that artificial intelligence could intensify competition. The recently updated artificial intelligence (AI) chatbot by Anthropic…
Wipro Share Price Target : Veteran IT stock Wipro Limited started trading with a decline on the initial day of the week. Despite the rise in quarterly results, the price of the IT stock had fallen by more than 7 percent by 10 am. With this fall, the stock was seen trading at Rs 248.10…
Photo : ET NOW SWADESH Digital Stock to Watch Today RIL RBL Bank CG Power Wipro Tata Technology highlights In the last trading week (12 to 16 January), the Indian stock market closed almost without any major changes. Now the eyes of investors are fixed on the market of Monday, January 19. Shares of many…
