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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.
IT stocks extend rebound for second day; Infosys, TCS, HCL Tech gain 2-4% as sector stabilises after sell-off
The second straight day of gains follows a bruising sell-off earlier in the week, when IT stocks came under heavy pressure amid fears that rapid advances in artificial intelligence (AI) could structurally alter the traditional IT services business model.
Nifty IT falls; Infosys, HCLTech, TCS among top losers as Q1 results loom, US Fed minutes revive rate worries
Nifty IT fell on Thursday, bucking a broader market rally, as investors awaited TCS' June quarter results and assessed hawkish US Fed minutes that reinforced concerns over a prolonged high-interest rate environment.
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 worst sectoral loser, Infosys, HCL Tech drag as AI fears deepen; Anthropic launch adds pressure
Indian IT shares fell today amid weakness in global technology stocks and growing concerns that increasingly capable artificial intelligence models, including Anthropic's newly launched Claude Fable 5, could accelerate disruption across the IT services industry.
Stocks to Watch Today: NLC India, IRB Infrastructure, Rail Vikas Nigam, JNK India, Bharti Airtel, Vodafone Idea, NRB Bearings in focus on 09 June
Stocks to Watch, 09 June: Stocks like NLC India, IRB Infrastructure Developers, Panacea Biotec, Grasim Industries, HCL Technologies, Rail Vikas Nigam, JNK India, Motilal Oswal Financial Services, and NRB Bearings will be in focus on June 9.
How to trade IT stocks after Nifty IT jumps 2%: Analyst sees further rally; Infosys, TCS, HCL Tech in focus
The rally in IT shares today comes amid renewed global enthusiasm around artificial intelligence-linked technology stocks. The technical setup has potentially opened the door for further gains in heavyweight IT stocks such as Infosys, TCS and HCL Technologies.
Momentum Stocks: HCLTech, LTIMindtree, Zensar Tech, RVNL, Kalyan Jewellers hit 52-week low
RKEC Projects, Dynacons Systems & Solutions, and E2E Networks were locked in the lower circuit, indicating intense selling pressure and a lack of buyers, a sign of bearish near-term sentiment.
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.