Market News

TCS, Infosys, Wipro In Green As Nifty IT Rises More Than 1% On US-Iran Peace Deal

The recovery in IT stocks comes just dafter the index shed over Rs. 50,000 crore in market capitalisation in first 15 minutes of trade on Friday.

Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines

The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)

TCS Share Price Live Updates: TCS's stock shows a significant drop in returns

Why are Indian IT stocks falling today? Infosys, HCL Tech, TCS tumble as global tech selloff deepens - Mint

Why are Indian IT stocks falling today? Infosys, HCL Tech, TCS tumble as global tech selloff deepensMint

Nifty IT Loses Rs 50,000 Crore In Market Capitalisation In 15 Minutes As TCS, HCLTech, Infosys Fall

The Nifty IT index has now fallen more than 5% in trade this week, with HSBC, in its latest note, pointing to a cautious sentiment in the sector.

Infosys, TCS, HCLTech Lead Nifty IT Lower; Index Sheds More Than 2% Amid Global Tech Selloff

The selloff mirrors overnight weakness across global technology indices, with the Nasdaq Composite notably falling almost 2% on Wednesday.

TCS, Persistent Cushion Nifty IT Even As Infosys Drags Index After Anthropic's Fable Release

Anthropic's model launches have weighed on IT sentiment through 2026, with investors wary of AI-led disruption to the sector's labour-intensive services model.

Tata Consultancy Services Ltd eases for fifth straight session

Tata Consultancy Services Ltd is quoting at Rs 2140.6, down 0.5% on the day as on 13:19 IST on the NSE. The stock tumbled 38.18% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index.

NDTV Profit Exclusive: Shankar Sharma Defends Infosys, TCS, Wipro; Says No To Anthropic, OpenAI IPOs

In an exclusive conversation, Shankar Sharma criticised the rest of India's tech ecosystem, arguing that it is unfair to lay the blame on the big IT companies for losing the race on AI.

TCS renews 1.5 million sq ft Chennai office lease in Rs 1,420-cr rental deal

Tata Consultancy Services (TCS) has renewed its lease for nearly 15 lakh sq ft of office space in Chennai for 10 years, committing approximately Rs 1,420 crore. This significant renewal underscores TCS's long-term commitment to Chennai as a key delivery hub, despite ongoing discussions about AI's impact on tech employment.

TCS has lost more market value than the Tata Group during the first six months of the year

TCS currently is trading at the lowest level since June of 2020. For the first six months of the year, including June, it has declined in five of them, and the last time the stock was down more than 30% in a calendar year goes all the way back in 2008 when it had declined 55%.

TCS signs multi-year service agreement with Canada Life

As part of the agreement, TCS will leverage its AI & digital capabilities to modernise and manage Canada Life's data centres, core infrastructure, end-user computing, and software lifecycle management. The transformation will help improve operational resilience, increase automation, and enhance user experience for its customers.