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Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?
The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.
Nifty IT index cracks 6%; TCS, Infy, TechM, LTM, HCL Tech plunge up to 8%
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
NSE IPO: Cooling volumes fail to slow down behemoth’s tech spend
Technology spending made up one-fifth of NSE's total FY26 expenses even as revenue growth slowed.
One of Dixon Tech's biggest bulls sees further legs to its growth outlook
The government may approve the long-pending Dixon-Vivo joint venture this month. An inter-ministerial panel has reportedly granted in-principle approval, with final clearance expected following due process at the MeitY. Macquarie believes the approval could provide a meaningful new growth avenue for Dixon.
Motilal Oswal says EMS industry will 'manage' memory shortage impact; Lists top picks
Going forward, Motilal Oswal estimates a 31% revenue compound annual growth rate (CAGR) over financial year 2026-2028 for these EMS companies, aided by robust order flows, healthy demand, capacity additions, ramp-up of existing and new plants.
VA Tech Wabag rallies 7%, hits 52-week high; should you buy, sell or hold?
In the past one month, VA Tech Wabag stock outperformed the market by soaring 25 per cent, as compared to 2 per cent rise in the Nifty 50.
HCL Technologies share emerges top gainer on Nifty 50 and Sensex after Sarvam AI investment move
HCL Technologies share price has gained 12% in one month, but has risen only 1% in six months. The largecap IT stock has fallen 13% on a year-to-date (YTD) basis, and has declined 8% in one year. HCL Tech shares have jumped 51% in three years and 107% in five years.
India's unemployment rate hits around one year high
India's unemployment rate has hit around one year high. Ministry of Statistics & Programme Implementation stated today that the Labour Force Participation Rate (LFPR) for persons aged 15 years and above was reported as 54.4% in May, 2026, compared to 55.0% in April, 2026. In rural and urban areas, LFPR was recorded at 56.6% and 49.8%, respectively. The year-on-year comparison shows that the overall LFPR in May, 2026 declined by 0.4 percentage points. Rural and urban LFPR also registered a decline of 0.3 and 0.6 percentage points, respectively, over the same period.
Tech Mahindra Ltd drops for fifth straight session
Tech Mahindra Ltd is quoting at Rs 1429.1, down 0.01% on the day as on 13:19 IST on the NSE. The stock tumbled 15.63% in last one year as compared to a 4.2% slide in NIFTY and a 27.97% fall in the Nifty IT index.
Five Stocks To Buy: Federal Bank, Groww, Dixon Tech And More | June 15, 2026
Top picks include private sector lender Federal Bank, digital financial platforms Groww and Angel One, electronic manufacturing services major Dixon Technologies, and spirits manufacturer Allied Blenders and Distillers.
Hurdles behind India's supertall buildings & vertical ambitions
India's urban growth is rapid, yet only one building crosses the 300-meter supertall mark. Fragmented regulations and infrastructure gaps hinder taller constructions. Developers face higher costs and extended timelines for supertall projects. While supertalls offer efficient land use, the focus remains on addressing affordable housing and essential urban services for the next two decades.
S&P 500 posts longest winning streak since 1995 as tech drives another record close
Alphabet turned out to be the one stock that kept the S&P 500 and Nasdaq in check on Tuesday with a 3.5% drop on the back of its mega $80 billion fund raising plan.