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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

IT stocks led by TCS, Infosys fall up to 7% as profit booking sets in after relief rally

The US-listed shares of both Infosys and Wipro declined between 2.5% to 8% during the overnight trading session on Wall Street, after having gained between 10% to 20% very recently.

TCS Share Price Slumps 7%, Infosys, HCL Tech Fall 3% As Nifty IT Snaps Two-Day Win Streak

Nifty IT index turned volatile amid profit booking witnessed in key counters and a technical reversal

SENSEX drops over 600 points, NIFTY50 opens at 23,415 as IT stocks drag down indices; TCS, HCL Tech among top losers - Upstox

SENSEX drops over 600 points, NIFTY50 opens at 23,415 as IT stocks drag down indices; TCS, HCL Tech among top losersUpstox

TCS among 4 stocks flashing bullish signals, indicating possible uptrend

On June 2, four NSE large-cap stocks appeared on StockEdge’s White Marubozu bullish scanner, a candlestick pattern indicating strong buying pressure where the opening price is the lowest and the closing price is the highest. The formation reflects sustained buyer control throughout the session and is often used by traders to anticipate potential near-term upward price momentum.

TCS among 6 stocks showing bullish RSI upswing

On June 2, six Nifty500 stocks that gained 5% or more were highlighted in the RSI Trending Up scan based on data from StockEdge.com. The signal is generated when RSI crosses above 50 from lower levels, indicating improving momentum. Rising RSI values suggest strengthening price action and potential bullish continuation, helping traders identify possible buying opportunities.

TCS Share Price Live Updates: TCS's beta of 0.4044 highlights low market risk

TCS, Infosys, Wipro double Copilot AI licences for employees within six months

While the pace of adoption of its virtual intelligent assistant is great news for Microsoft, it also poses questions about the current billing model of India’s IT $315-billion outsourcing industry as well as its hiring practices.

Nifty IT logs best run in a year at 4%; TCS, Infosys lead way

Indian IT stocks surged for a third consecutive day. The Nifty IT index saw its largest single-day gain in a year. This rally is supported by improving global software sentiment and expanding enterprise AI adoption. Factors like rupee depreciation and strong orderbooks also contribute. Analysts anticipate further upward movement in the IT benchmark.

Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers

On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.

TCS shares soar 7%, up nearly 10% in just two sessions! What are technical charts indicating?

TCS shares jumped as much as 7% on Tuesday, extending their two-day gain to nearly 9% as investors snapped up the stock after months of underperformance. The rally was driven by optimism around AI-related opportunities and attractive valuations following a sharp sector-wide selloff. Analysts at Nuvama believe the IT sector is poised for a comeback rather than a collapse, helping boost sentiment toward large-cap IT stocks.

Newgen Software Technologies Ltd leads gainers in 'A' group

Concord Biotech Ltd, ACME Solar Holdings Ltd, Sky Gold & Diamonds Ltd and Tata Consultancy Services Ltd are among the other gainers in the BSE's 'A' group today, 02 June 2026.