Market News

Nifty IT falls for fourth straight day despite broader market rally; Tech Mahindra, HCLTech among top losers

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.

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.

Tata Steel, JSW Steel among top Nifty losers; metal index tumbles over 4% as US-Iran war stokes fears

The broader sell-off in metal stocks came even as aluminium prices surged globally amid supply disruption concerns linked to the escalating Iran conflict. Aluminium on the London Metal Exchange rose after Qatar-based producer Qatalum halted production.

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.

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.

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.

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.

HCL Technologies stock jumps over 4%, top Nifty gainer today as company bags $1.14 billion mega AI deal

HCL Technologies shares jumped over 4 percent on Friday after the IT major announced a $1.14 billion strategic AI-led digital transformation deal with a Europe-headquartered Fortune Global 50 company, boosting sentiment around the stock.

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.

IT shares extend losses to 2nd day amid profit booking; TCS, HCLTech, Infy down up to 2%

Nifty IT index has fallen 23% in 2026 so far, resulting in an erosion of about Rs 6.6 lakh crore in market value.

IT index rises over 2%, snaps 4-day losses: Persistent, OFSS, others gain up to 3.5%

Nifty IT index was the top sectoral gainer during the session, climbing 2.75% intraday.