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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.
Stock Crash: TCS set for biggest fall in six years; this level holds the key
TCS shares plunged as much as 9% on Wednesday, putting the stock on track for its biggest single-day decline since March 2020. The selloff has wiped out nearly ₹80,000 crore in market value, while trading volumes surged to nearly four times the recent average.
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.
Nifty IT snaps 3-day rally, tumbles 6%; TCS, LTM tank up to 9%; here's why
IT stocks witnessed heavy selling pressure on Wednesday tracking overnight losses in technology shares in the US market. Indian ADRs cracked up to 8%.
India's IT stocks head for worst day in 4 months on AI disruption worries; TCS plunges 9% - Reuters
India's IT stocks head for worst day in 4 months on AI disruption worries; TCS plunges 9%Reuters
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.
TCS Shares See Biggest Fall Since February As Stock Slumps Over 7%— Here's Why
TCS has pared all gains and is trading at lower levels than last week.
Tata Consultancy Services Ltd Slides 4.15%, BSE Information Technology index Drops 2.36%
Tata Consultancy Services Ltd has lost 3.46% over last one month compared to 4.3% gain in BSE Information Technology index and 3.57% drop in the SENSEX
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