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OpenAI, Anthropic are minting billions. Why isn't AI boosting Indian IT stocks like Infosys, TCS? Samir Arora answers
Investor Samir Arora questions why enterprises are spending billions on AI models from providers while still relying on IT services firms for implementation. He highlights a disconnect between reported AI revenues and claims of needing extensive external support for deployment.
IT Stocks Crash: TCS, Infosys and peers wipe out over ₹1.5 lakh crore of investor wealth
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS contributing to more than half of that fall. Five out of the 10 Nifty IT constituents, TCS, LTM, Coforge, Persistent Systems and Tech Mahindra, are trading more than 5% down.
TCS, Infosys to Coforge: IT stocks crash up to 8% after three-day rally; what's behind the selloff? - Mint
TCS, Infosys to Coforge: IT stocks crash up to 8% after three-day rally; what's behind the selloff?Mint
TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?
IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.
IT stocks crash! TCS, Tech Mahindra, Infosys, others drag down Nifty IT 4% intraday; check key factors behind fall - Upstox
IT stocks crash! TCS, Tech Mahindra, Infosys, others drag down Nifty IT 4% intraday; check key factors behind fallUpstox
IT Stocks Today: Infosys, TCS, HCLTech, Wipro Sell-Off Deepens; F&O Data Shows Surge In Bearish Positions
Infosys recorded the sharpest build-up in positions. Open interest more than doubled even as the stock extended losses, showing traders continued to add exposure on the downside.
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
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
IT stocks led by TCS, Infosys fall up to 7% as profit booking sets in after relief rally
The US-listed shares of both Infosys and Wipro declined between 2.5% to 8% during the overnight trading session on Wall Street, after having gained between 10% to 20% very recently.
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
Stock Alert: APSEZ, Infosys, Dhanuka Agritech, Concord Biotech, Mufin Green Finance, Canara Bank
Adani Ports & Special Economic Zone (APSEZ) handled cargo volumes of 48.3 million metric tonnes (MMT) in May, marking a 16% year-on-year increase, driven by strong growth across key ports and cargo segments. However, the company's logistics business witnessed a decline, with rail volumes falling 19% year-on-year to 48,170 TEUs during the month.
