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Sensex Today Tanks 811 Points | Nifty Below 23,300 | TCS & Infosys Top Losers - Equitymaster
Sensex Today Tanks 811 Points | Nifty Below 23,300 | TCS & Infosys Top LosersEquitymaster
TCS Share Price Slumps 7%, Infosys, HCL Tech Fall 3% As Nifty IT Snaps Two-Day Win Streak
Nifty IT index turned volatile amid profit booking witnessed in key counters and a technical reversal
SENSEX drops over 600 points, NIFTY50 opens at 23,415 as IT stocks drag down indices; TCS, HCL Tech among top losers - Upstox
SENSEX drops over 600 points, NIFTY50 opens at 23,415 as IT stocks drag down indices; TCS, HCL Tech among top losersUpstox
TCS among 4 stocks flashing bullish signals, indicating possible uptrend
On June 2, four NSE large-cap stocks appeared on StockEdge’s White Marubozu bullish scanner, a candlestick pattern indicating strong buying pressure where the opening price is the lowest and the closing price is the highest. The formation reflects sustained buyer control throughout the session and is often used by traders to anticipate potential near-term upward price momentum.
TCS among 6 stocks showing bullish RSI upswing
On June 2, six Nifty500 stocks that gained 5% or more were highlighted in the RSI Trending Up scan based on data from StockEdge.com. The signal is generated when RSI crosses above 50 from lower levels, indicating improving momentum. Rising RSI values suggest strengthening price action and potential bullish continuation, helping traders identify possible buying opportunities.
Nifty IT logs best run in a year at 4%; TCS, Infosys lead way
Indian IT stocks surged for a third consecutive day. The Nifty IT index saw its largest single-day gain in a year. This rally is supported by improving global software sentiment and expanding enterprise AI adoption. Factors like rupee depreciation and strong orderbooks also contribute. Analysts anticipate further upward movement in the IT benchmark.
Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.
TCS shares soar 7%, up nearly 10% in just two sessions! What are technical charts indicating?
TCS shares jumped as much as 7% on Tuesday, extending their two-day gain to nearly 9% as investors snapped up the stock after months of underperformance. The rally was driven by optimism around AI-related opportunities and attractive valuations following a sharp sector-wide selloff. Analysts at Nuvama believe the IT sector is poised for a comeback rather than a collapse, helping boost sentiment toward large-cap IT stocks.
Newgen Software Technologies Ltd leads gainers in 'A' group
Concord Biotech Ltd, ACME Solar Holdings Ltd, Sky Gold & Diamonds Ltd and Tata Consultancy Services Ltd are among the other gainers in the BSE's 'A' group today, 02 June 2026.
Nifty 50 Scorecard: The winners and losers of Q4 results season
Nifty EPS for FY26 ended at ₹1,065, up 5% YoY, a second consecutive year of single-digit growth. Five Nifty companies – Bharti Airtel, JSW Steel, HDFC Bank, Infosys, and Tata Consultancy Services (TCS) – contributed 75% of the incremental YoY accretion in earnings.
Infosys, TCS, IT stocks extend rally for second day; Top CLSA chartists sees further upside
Nifty IT's surge on Monday was also triggered by CLSA's optimism on the sector in its recent note 'How Much SaaSpocalypse is Real'. The stocks are extending gains from those levels on Tuesday.
Nifty IT extends winning streak to 3rd day, up 3%; TCS, Infosys lead gains
In the past three sessions, the Nifty IT index has climbed as much as 6 per cent, while the Nifty index has declined 2.50 per cent.