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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Stocks in news: Wipro, Angel One, Gensol Engineering, IndusInd Bank, IREDA, MGL
Domestic markets began the holiday-shortened week on a strong note, gaining over 2%, supported by positive global cues. In today’s trade, shares of Wipro, Angel One, Gensol Engineering, IndusInd Bank, IREDA, MGL among others will be in focus due to various news developments and corporate earnings. Wipro, Angel OneShares of Wipro and Angel One will…
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GIFT Nifty down 100 points; here’s the trading setup for today’s session
Benchmark indices Sensex and Nifty jumped more than 2% on Tuesday due to positive global market cues after US President Trump announced a temporary tariff relief on phones, computers and popular consumer electronics. Focus will be on the key Q4 earnings including Wipro. Analysts expect positive momentum to continue in the market, on hopes of…
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Stock market Holidays 2025: Are NSE, BSE open or closed on April 14 for Ambedkar Jayanti 2025
Indian stock exchanges NSE and BSE will remain shut for Ambedkar Jayanti on April 14. Accordingly, all the segments including derivatives and equities will be closed. After a hectic few days of volatility, traders will enjoy a much needed break as the current week will have only three sessions. Is MCX open for Ambedkar Jayanti?…
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Coforge, Wipro and other IT stocks fall up to 5% amid escalating U.S.-China trade tensions
Shares of Indian information technology companies fell sharply on Wednesday, with Coforge, Wipro and other major IT firms declining as much as 5.4%, amid a broader global equity sell-off triggered by renewed U.S.-China trade tensions. The Nifty IT index slid 2.4%, emerging as the biggest drag on benchmark indices, as investors reacted to Washingtonβs confirmation…
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Coforge, Wipro, TCS and other IT stocks fall up to 7% amid Trump tariff jitters
Indian IT services stocks tumbled as much as 7% on Friday, extending their slide for a second straight session, as sentiment remained fragile following the U.S. administration’s announcement of new reciprocal tariffs. Shares of tech majors, which earn a significant portion of their revenue in U.S. dollars, including Coforge, HCL Technologies, Tata Consultancy Services (TCS),…
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Stable largecaps or high-growth tier-2 bets? Investors’ IT stock conundrum at play
As uncertainty in the domestic equity market looms, investors of IT stocks face a peculiar dilemma of choosing between stability and growth potential. An analysis of top 10 tech counters shows tier-1 (top 5 by m-cap) scrips witnessing a relatively less severe fall in 2025 while trailing tier-2 (next 5) stocks in terms of 1-year…
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HCL, TCS, and other IT stocks rise up to 2% after Trump eases tariff worries
India’s IT sector rose nearly 2% on Tuesday, tracking overnight gains in U.S. tech stocks and global market relief after U.S. President Donald Trump signaled flexibility on planned tariffs, easing investor concerns over a potential trade war. Shares of all major Indian IT companies, which earn a significant portion of their revenue in U.S. dollars,…
READ MORECompanies go asset-light, put IT campuses on the block
Bengaluru: India companies are divesting their large IT campuses in a significant shift toward operational efficiency and asset-light business models.Over the past few years, companies like Cognizant, Wipro, DXC Technology and Genesis have monetised expansive office properties to unlock values. This trend reflects a broader corporate strategy aimed at optimising real estate portfolios amid changing…
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Narayana Murthyβs family wealth erodes by nearly Rs 6,800 crore as Infosys enters bear market
Shares of Infosys Ltd tumbled 5.5% on Wednesday, extending a two-day slide of over 8% that pushed the IT giant into bear market territory. The sharp decline has not only rattled investors but also erased Rs 6,875 crore from the notional wealth of co-founder Narayana Murthy and his family. At its session low of Rs…
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