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Nifty IT worst sectoral loser, Infosys, HCL Tech drag as AI fears deepen; Anthropic launch adds pressure
Indian IT shares fell today amid weakness in global technology stocks and growing concerns that increasingly capable artificial intelligence models, including Anthropic's newly launched Claude Fable 5, could accelerate disruption across the IT services industry.
Taking Stock: Nifty ends near 23,150 in volatile trade; pharma, private banks rally
ICICI Bank, Kotak Mahindra Bank, Grasim, M&M, JSW Steel were among top gainers on the Nifty, while losers were Infosys, HCL Tech, Adani Ports, Trent, Eternal.
Momentum Buzz: HCL Tech, Divine Hira Jewellers, Zenith Steel Pipes see negative breakdowns
Sasken Technologies, HFCL, and Vipul were locked in their upper circuits, reflecting strong buying demand and limited seller participation — a sign of bullish near-term sentiment.
Nifty recovers 200 points from intra-day lows; IT continues outperformance | Closing Bell
Indian equities erased all the intraday losses with Nifty back above 23,500. TCS, Infosys, HCL Tech, Tech Mahindra, Trent are among top gainers on the Nifty, while losers are NTPC, Power Grid Corp, Cipla, Dr Reddy's Labs and L&T. Among sectors IT index up 4%, while auto, metal, Consumer Durables, realty up 0.5% each. However, pharma, healthcare, power, media, energy down 0.5-1%. Nifty Midcap and Smallcap indices down marginally. Catch Lovish Darad in conversation with Market Experts.
How to trade IT stocks after Nifty IT jumps 2%: Analyst sees further rally; Infosys, TCS, HCL Tech in focus
The rally in IT shares today comes amid renewed global enthusiasm around artificial intelligence-linked technology stocks. The technical setup has potentially opened the door for further gains in heavyweight IT stocks such as Infosys, TCS and HCL Technologies.
Stocks to Watch Today: HCL Tech, General Insurance Corp, Dhanlaxmi Bank, Craftsman Automation, Devyani International, Sapphire Foods in focus on 16 June
Stocks to Watch, 16 Jun: Stocks like HCL Technologies, State Bank of India. Mahindra and Mahindra Financial Services, General Insurance Corporation of India, Craftsman Automation, Yes Bank, Dhanlaxmi Bank, and Indian Railway Catering and Tourism Corporation will also be in focus on June 16.
HCL Tech stock jumps over 2% as Nomura bullish after Sarvam AI investment; check target price, upside
Nomura said HCL Tech's proposed $150 million investment for a 10.46 percent stake in Sarvam AI HCL Tech build industry-specific AI models and solutions for global clients.
IT stocks drag Nifty despite firm broader market; Infosys, TCS, HCL Tech fall as Fed signals rate hike risk
Indian IT stocks fell on Thursday after the US Fed signalled possible rate hikes. Infosys, HCL Tech, TCS, Wipro were among top Nifty 50 losers, while Nifty IT index dropped 1.8 percent, worst sector on NSE.
Stocks to Watch Today: Orchid Pharma, HCL Tech, EMS, Silver Touch, Knack Packaging, Ganesh Infraworld, IdeaForge, Embassy Developments in focus on 8 July
Stocks to Watch, 8 July: Stocks like Embassy Developments, InterGlobe Aviation, SpiceJet, Ganesh Infraworld, IdeaForge Technology, HCL Technologies, Silver Touch Technologies, EMS, 3i Infotech, Restaurant Brands Asia, IOL Chemicals and Pharmaceuticals, Cochin Shipyard, and Knack Packaging will be in focus on July 8.
Closing Bell: Nifty below 25,200, Sensex tanks 961 pts; realty, metal, FMCG top drag
Nifty Midcap and smallcap indices down 1% each. Dr Reddy's Labs, Bharti Airtel, M&M, HDFC Life, Sun Pharma were among the top drags on the Nifty, while gainers were Trent, HCL Tech, Infosys, Apollo Hospitals. Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.
IT stocks extend rebound for second day; Infosys, TCS, HCL Tech gain 2-4% as sector stabilises after sell-off
The second straight day of gains follows a bruising sell-off earlier in the week, when IT stocks came under heavy pressure amid fears that rapid advances in artificial intelligence (AI) could structurally alter the traditional IT services business model.
Mphasis, Wipro, HCL Tech rise up to 4% as IT shares lead Nifty gains; index up 2%
IT shares extended rally on expectations of a better-than-anticipated March quarter, beginning this Thursday.