IT rout pushes Nifty below 23,400; Sensex drops over 300 points
Domestic benchmark equity indices opened lower on Thursday, dragged by IT stocks after Wipro forecast a decline in revenue for the April-June quarter amid tariff turmoil. The BSE Sensex was down 303 points, or 0.39%, at 76,741, while the Nifty50 slipped 114 points, or 0.49%, to 23,323 around 9:33 am. From the Sensex pack, HCL…
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Rs 2.6 lakh crore gone! Trump wreaks havoc on India’s rich as Adanis and Ambanis pay a heavy price in 2025
India’s richest business tycoons have lost a staggering $30.5 billion (Rs 2.6 lakh crore) so far in 2025, as volatile stock markets and global economic uncertainties wreak havoc on their fortunes. Most of this is caused by US President Donald Trump’s aggressive tariff policies, which have intensified global trade tensions and led to market instability….
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TCS shares under pressure after weak Q4 results, target price cuts. Should you buy, sell or hold?
Shares of Tata Consultancy Services (TCS) on Friday dropped 1% to Rs 3,212.10 on the BSE after the IT major reported a weaker-than-expected Q4 performance. Consolidated net profit for Q4FY25 declined 1.7% year-on-year to Rs 12,224 crore, falling short of the analysts’ estimate of Rs 12,650 crore. In the year-ago quarter, the net profit was…
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Tech, auto heavyweights drag Sensex 200 points lower; Nifty below 23,600
Indian benchmark equity indices Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 256 points, or 0.33%, lower at 77,361. The Nifty50 was up 67 points, or 0.27%, trading…
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Sensex drops 100 points on sell-off in IT stocks, Nifty below 23,200 mark
Indian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over…
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