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CLSA dismisses AI threat to IT firms, Nifty IT jumps nearly 3%; Infosys, TCS, HCL Tech among top gainers
CLSA said that in its discussions with major IT firms including TCS, Infosys, HCL Tech and Wipro, the brokerage found no evidence of increased pricing deflation in contract renewals due to the latest AI tools from Anthropic and OpenAI.
Nifty IT extends gains to over 3% as rebound strengthens; Infosys, TCS, HCL Tech lead, dominate Nifty gainers
All major IT stocks traded firmly higher on Wednesday, reversing losses from the previous session. The rally extended to midcap IT names as well.
IT stocks rise up to 3% after Accenture raises growth guidance; TCS, Infy up 1-2% as brokerages eye AI tailwind
Select IT stocks rose up to 3 percent, while heavyweights such as Infosys and TCS were also up by 1-2 percent each today. The trigger for the move was Accenture’s combination of top-end revenue growth, improved guidance visibility, and steady deal bookings.
Nifty IT jumps 3% after four-day slide; Infosys, HCLTech, TCS lead rebound despite mixed global tech cues
The gains in Indian IT stocks came despite a weak overnight performance by global technology shares. The recovery was led by frontline IT companies, which dominated the list of Nifty gainers. The buying was equally broad-based in the mid-cap space.
Nifty IT rises amid weak market; Wipro, Infosys gain 1-2% amid geopolitical uncertainty, rupee tailwinds
The relative outperformance in Indian IT stocks comes at a time when volatility has picked up due to escalating tensions in West Asia, pushing investors towards defensives and export-oriented sectors.
Stocks to Watch Today: Infosys, Waaree Renewable, HG Infra, InterGlobe Aviation, TVS Supply Chain, Brigade, SEDEMAC, Arvind SmartSpaces in focus on 11 March
Stocks to Watch, 11 March: Stocks like Infosys, Waaree Renewable Technologies, Arvind SmartSpaces, Waaree Energies, Central Bank of India, Hindustan Zinc, Adani Enterprises, SEDEMAC Mechatronics, HG Infra Engineering, Polycab India, InterGlobe Aviation, and Eicher Motors will be in focus on March 11
Buzzing Stocks: IRFC sheds 5% on OFS plans; Infosys, Pine Labs, Rashi Peripherals advance
Shares of Pine Labs rose 3% after 41.9 lakh shares (0.40% equity) of the company worth Rs 63.5 crore change hands at Rs 152 per share via block deals.
Nifty IT rises despite JPMorgan warning of AI disruption; Infosys, Tech Mahindra gain, HCLTech and Wipro lag
Stocks to Watch Today: Infosys, Aurobindo Pharma, Swan Defence, Arvind SmartSpaces, Prostarm Info, CleanMax, ICRA, Dredging Corporation in focus on 08 April
Stocks to Watch, 8 Apr: Stocks like Ashiana Housing, Infosys, GAIL India, Aurobindo Pharma, Biocon, Swan Defence and Heavy Industries, Prostarm Info Systems, Arvind SmartSpaces, Clean Max Enviro Energy Solutions, Aditya Birla Capital, Dredging Corporation of India, Aditya Birla Real Estate, and ICRA will be in focus on April 8.
Taking Stock: Markets rally for 4th straight day; Sensex surges 509 pts, Nifty above 23,100
Biggest Nifty gainers were Wipro, Hindalco Industries, HCL Technologies, TCS, Infosys, while losers included Dr Reddy's Laboratories, Adani Enterprises, Interglobe Aviatoion, Apollo Hospitals, M&M.
Closing Bell: Nifty above 23,100, Sensex gain 509 pts; IT, metal, realty shine
Biggest Nifty gainers were Wipro, Hindalco Industries, HCL Technologies, TCS, Infosys, while losers included Dr Reddy's Laboratories, Adani Enterprises, Interglobe Aviatoion, Apollo Hospitals, Adani Ports. Except Consumer Durables and PSU Bank, all other sectoral indices ended in the green with Information Technology rose 2.5%, Metal index gained 1.5%, Realty index up 1.7% and Media index jumped 1%. The Nifty midcap index was up 0.3 percent, while smallcap index ended flat.
Stocks to Watch Today: Infosys, IRFC, Honasa Consumer, Rashi Peripherals, City Union Bank, Delhivery, Clay Craft India in focus on 24 June
Stocks to Watch, 24 Jun: Stocks like Infosys, Indian Railway Finance Corporation, Honasa Consumer, Rashi Peripherals, Imagicaaworld Entertainment, Vedanta, Delhivery, DP Wires, and Clay Craft India will be in focus on June 24.