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Nifty IT tumbles over 2%; Infosys, HCL Tech, TCS among top drags as AI concerns weigh on sector
Heavyweight IT stocks dominated the list of Nifty losers today, while Nifty IT index fell over 2 percent as AI concerns hit the sector.
IT index extends rise, jumps nearly 4% in 2 days as rupee depreciates; Persistent, Coforge top gainers
Nifty IT index has gained about 4% in the last two sessions after witnessing a steep correction last week amid concerns over new AI deployments by OpenAI.
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.
First Tick: Top global cues to watch in today’s trade
FIIs continued their selling streak on June 10, offloading equities worth Rs 2,124 crore. In contrast, DIIs remained net buyers, purchasing equities worth Rs 3,123 crore, providing support to the domestic market amid persistent foreign fund outflows.
Taking Stock: Markets rebound; Nifty reclaims 24,150, Sensex jumps 600 pts
Among the top gainers on the index were Maruti Suzuki India, Coal India, Tech Mahindra, ITC Limited, and Reliance Industries. On the downside, InterGlobe Aviation, Dr. Reddy's Laboratories, NTPC, ICICI Bank and Bajaj Finserv were among the key laggards.
Bank Nifty rises over 1%, all 14 shares gain as RBI forex swap facility boosts banking stocks
Banking shares led gains on Dalal Street, after the Reserve Bank of India's operational guidelines for its FCNR(B) deposit and external commercial borrowing (ECB) schemes, easing hedging costs and make foreign-currency fund raising more attractive.
Bank Nifty jumps 3%, all 14 stocks gain sharply; HDFC Bank, Axis Bank among top drivers of banking rally
The rally in banking stocks was broad-based, with all 14 Bank Nifty constituents ending higher. The strong gains came as investors cheered signs of a possible breakthrough in the US-Iran conflict.
Taking Stock: Nifty above 23,600, Sensex gains 1,695 pts on Middle East peace hopes
Among the Nifty constituents, Shriram Finance, L&T, InterGlobe Aviation, Bajaj Finance and Titan Company emerged as the top gainers. On the other hand, Nestle India, ONGC, Tech Mahindra, Tata Consumer and SBI Life Insurance ended as the major laggards.
Nifty IT falls 1.7%, down 8% in 4 sessions as AI trade reverses; global tech selloff hits Infosys, TCS, Wipro
The Nifty IT index fell sharply, losing for the fourth consecutive session and emerging among the top sector losers, as a global tech selloff and AI outlook triggered profit booking.
Wipro stock falls 4%, emerges as top Nifty loser today as share buyback enters record date
Wipro's board has approved the repurchase of up to 60 crore equity shares, equivalent to nearly 5.7 percent of its paid-up equity capital, with the total buyback size capped at Rs 15,000 crore. Investors seeking to participate in the buyback were required to purchase shares by June 4.
Bank Nifty slips over 1% today, all 14 constituents trade in red; SBI, IndusInd among top laggards
Bank Nifty fell over 1 percent today with all 14 stocks in the red. IndusInd Bank, AU Small Finance Bank and State Bank of India led losses in the index, while Nifty 50 and Sensex also declined as market sentiment weakened.
IT index plunges over 3.5% after OpenAI announces new AI deployment company; TCS, Persistent top losers
IT shares came under heavy selling pressure, dragging the Nifty IT index down 3.7% to its lowest level since May 2023.