Indian benchmark indices witnessed a sharp fall on Tuesday, with BSE Sensex dropping over 1,000 points to 82,277 and the Nifty 50 sliding below 25,450. The steep decline wiped out nearly Rs 5 lakh crore in investor wealth, fueled by selling pressure in IT and automobile stocks. IT Sector Under…
Tag: #ITStocks
News
Sensex Falls 750 Points, Nifty Below 25,600
Mumbai: Benchmark indices Sensex and Nifty erased early gains on February 19, plunging sharply amid widespread selling pressure. The Sensex tumbled over 750 points while the Nifty slipped below the crucial 25,600 mark, reflecting heightened volatility and cautious investor sentiment. Markets Reverse After Three-Day Rally After posting gains for three…
News
LIC Shifts to IT, Cuts Banks in Portfolio Revamp
Life Insurance Corporation of India (LIC) has made a striking portfolio reshuffle, sharply increasing exposure to information technology stocks while trimming stakes in major banking and industrial names. The move comes amid market anxiety over artificial intelligence disrupting India’s IT services model. Contrarian Bet on IT Sector During the December…
News
Infosys AI Roadmap in Focus at Investor Day
Bengaluru: Infosys is set to outline its medium- to long-term artificial intelligence growth roadmap at its Investor Day on February 17, as investors seek clarity on how generative AI will translate into sustainable revenues and margins for India’s IT majors. The meeting comes at a critical juncture for the sector,…
News
Infosys Earnings Boost Sensex, Nifty Climb on Jan 18
Indian stock markets closed higher on Friday, January 18, as a strong Q3 earnings surprise from Infosys lifted IT stocks and reignited investor risk appetite. The BSE Sensex surged to an intraday high of 84,134.97, while the NSE Nifty 50 touched 25,873.50. Despite profit booking later in the session, the…
News
DMart, TCS, Ashok Leyland Emerge as Key Bets for 2026: CLSA
As India heads into 2026 amid global uncertainty and currency volatility, global brokerage firm CLSA believes the next phase of stock market returns will be driven not by broad rallies but by selective, high-quality companies with structural advantages. In its latest market assessment, CLSA flagged DMart, Tata Consultancy Services (TCS),…