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Nifty IT index cracks 6%; TCS, Infy, TechM, LTM, HCL Tech plunge up to 8%
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
Why is market falling today? Sensex slumps 800 points, Nifty below 23,950. IT selloff among 5 key triggers
Indian stock markets experienced a sharp downturn on Friday. The Sensex and Nifty saw significant declines, ending a five-day rally. Heavy selling pressure in IT stocks and weak global sentiment impacted investor confidence. Major IT companies like Infosys and TCS were among the biggest losers. The broader market also faced selling pressure, indicating a cautious trading environment.
Infosys, Tech Mahindra, TCS Under Pressure: IT Stocks Crash To Three-Year Low After Accenture Sell-Off
Major Indian IT stocks are crashing.Infosys Ltd. is trading at a low of Rs 1,033.9, down 8.3%. Mphasis Ltd. touched Rs 2,150, declining 7.99%, while Tech Mahindra Ltd. fell to Rs 1,344, down 7.16%.
Infosys to TCS, HCL Tech: Indian IT stocks crash as Accenture trims revenue guidance; Nifty IT index down 6.5% - Mint
Infosys to TCS, HCL Tech: Indian IT stocks crash as Accenture trims revenue guidance; Nifty IT index down 6.5%Mint
Stocks in news: TCS, Infosys, RIL, HDFC Bank, Waaree Renewable
Indian markets saw a positive trend on Thursday, marking a fifth consecutive day of gains. Supportive global sentiment fueled the rally. Key companies like TCS, Infosys, RIL, HDFC Bank, and Waaree Renewable are in focus due to recent developments. Investors are watching for updates from Reliance Industries' AGM and news from other major firms.
IT shares trade weak; Infy, TCS, HCL Tech, Wipro slip up to 2%; here's why
Fed decision, weak US cues: At 10:18 AM on Thursday, the Nifty IT index was the top sectoral loser, down 1 per cent, as against a 0.10 per cent rise in the Nifty 50.
TCS Share Price Drops In Early Trade, Infosys Down 3% As Nifty IT Falls Most Among Sectoral Indices
Shares of India's largest IT services giant TC dropped 1.23%, while Infosys shares last traded 2.19% lower
TCS signs multi-year digital transformation deal with Tottenham Hotspur
Tata Consultancy Services (TCS) said that it has entered into a multi-year strategic partnership with Tottenham Hotspur Football Club, under which the IT services major will act as the club's Digital Transformation Partner.
India shares higher at close of trade; Nifty 50 up 0.57% - Investing.com India
India shares higher at close of trade; Nifty 50 up 0.57%Investing.com IndiaClosing Bell: Nifty nears 24,000, Sensex climbs 544 pts; IT, FMCG and realty lead gainsMoneycontrol.comSensex Today Trades Higher | Nifty Above 23,900 | Bajaj Finance & TCS Top GainersEquitymaster
Sensex Today Trades Higher | Nifty Above 23,900 | Bajaj Finance & TCS Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 23,900 | Bajaj Finance & TCS Top GainersEquitymaster
HCLTech Shares Surge After Rs 1,427 Crore Investment In Sarvam AI; TCS, Infosys And Other IT Stocks In Green
HCLTech's surge in trade today mirrors the sentiment in the broader IT pack, with Nifty IT emerging as the biggest sectoral gainer in trade.
US Supreme Court rejects Tata challenge to $168 million award in trade secrets case
US Supreme Court rejects Tata Consultancy Services appeal, leaving DXC Technology 168 million trade secrets award over life insurance software theft allegations