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Rekha Jhunjhunwala portfolio stock: VA Tech Wabag zooms 117% from Jan low
In the past one month, VA Tech Wabag has outperformed the market by surging 44 per cent, as compared to 4.2 per cent rise in the Nifty 50.
TCS, Infosys, Tech Mahindra And More Stocks In Focus As Systematix Reinitiates Coverage Ahead Of Q1 Results
With a 31% correction in the Nifty IT index over the past year, valuation multiples have compressed to historically low levels, adds Systematix.
Infosys, TCS and other IT stocks jump up to 5% on dip buying. Is the worst over?
IT stocks rebounded sharply on Thursday, with the Nifty IT index surging nearly 4% after a four-session slide that pushed it to a 52-week low. Coforge led gains with a 5% jump, while Infosys, Mphasis, HCL Tech and Persistent Systems rose around 4%. The recovery lifted sentiment after the sector had shed nearly 7% over the previous four trading sessions.
Nifty IT sinks 2% to 3-year low; TCS, Infosys, HCL Tech, LTM hit 52-wk lows
As per data, the Nifty IT Index has corrected nearly 42 per cent from its all-time high of 46,089, recorded in December 2024, and is now trading close to its April 2023 lows.
Tech volatility weighs on global stocks; oil falls towards four-month low
Global stocks fell as Apple's price hikes rattled tech shares, while oil slid on easing supply fears and gold edged higher on a weaker US dollar
Bitcoin price tumbles below $60,000 to 20-month low as tech rout, rate fears rattle crypto market: What lies ahead?
With Bitcoin's recent drop below $60,000 amidst a tech stock sell-off, analysts express concerns about ongoing volatility driven by macroeconomic factors. Despite slowing outflows from ETFs, the crypto market remains weak.
Indian tech’s Nifty share shrinks to record low on AI worries
India’s IT sector is losing dominance in the Nifty 50 as AI disruption fears trigger sustained selling. Its index weight has dropped to a record low, while the Nifty IT index has sharply underperformed. Reduced index weight is also limiting inflows from passive funds, weakening the sector’s overall market influence.
Sensex jumps over 250 pts, Nifty above 23,900; Trent shares surge 4%
Indian stock markets showed resilience on Wednesday, with Sensex and Nifty recovering from previous losses. Trent shares surged, leading the gains. While broader markets dipped, IT and Pharma sectors saw modest gains. Analysts noted global tech stock volatility but highlighted India's steady growth and easing crude oil prices. However, concerns over a deficient monsoon are emerging, potentially impacting rural demand and corporate profits, prompting portfolio adjustments.
Indian Tech’s Nifty Share Shrinks to Record Low on AI Worries - Bloomberg.com
Indian Tech’s Nifty Share Shrinks to Record Low on AI WorriesBloomberg.com
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Indian stock markets experienced their sharpest single-day drop in nearly a month, mirroring a global tech sell-off. The Nifty 50 and BSE Sensex both fell significantly, influenced by a strong US dollar and profit-taking after recent gains. While pharma and healthcare sectors showed resilience, most others, including metals and IT, declined. Market volatility increased, with analysts watching key support levels closely.
Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?
The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.
Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here's why
IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.