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Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify
Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%. Nifty Midcap and smallcap indices down 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.
Nifty IT ends nearly 2% lower, snaps six-day rally; TCS, Infosys drag despite strong market close
IT heavyweight stocks led the fall in Nifty IT on Friday. TCS dropped about 2.5 percent while Infosys fell over 3 percent. The weakness in IT stocks comes even as the broader market witnessed strong buying, led by financials and domestic-facing sectors.
Live: Banking stocks fuel Nifty above 24,500; Uncertainty persists on US-Iran talks | Closing Bell
Indian markets ended lower, dragged by weakness in IT stocks. The BSE Sensex slipped over 650 points, while the Nifty 50 fell below 24,450. HCL Technologies led the decline, logging its sharpest fall in 11 years after weak guidance, pulling down peers like Infosys and TCS. Despite the headline fall, market breadth remained positive with broader markets outperforming, as smallcaps extended gains for a second straight session. Financials were under pressure, with ICICI Bank and HDFC Bank slipping. On the upside, stocks like Tata Consumer Products, NTPC and Hindustan Unilever emerged as key gainers.
Nifty IT recovers from 6% fall, still ends down 3.7%; Infosys sinks 7%, leads losses after Accenture shock
The Nifty IT index pared a significant portion of its losses through the session before closing down 3.65 percent. Even after the rebound, IT remained the weakest sectoral index by a wide margin.
Nifty IT slumps 6%, Infosys, TCS stocks crash up to 8% as Accenture guidance cut sparks sell-off
Nifty IT slumped as much as 6 percent on Friday morning after Accenture cut revenue growth guidance, with the stocks of Infosys, Tech Mahindra and TCS falling up to 8 percent and emerging as the top losers on benchmark Nifty 50 index.
Taking Stock: Market rally continues; Nifty near 24,200, Sensex gains 254 points
Biggest Nifty gainers were Max Healthcare, Interglobe Aviation, Trent, Bharat Electronics, Adani Enterprises, while losers included Infosys, Maruti Suzuki, Tech Mahindra, Tata Consumer and TCS.
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 drag Nifty despite firm broader market; Infosys, TCS, HCL Tech fall as Fed signals rate hike risk
Indian IT stocks fell on Thursday after the US Fed signalled possible rate hikes. Infosys, HCL Tech, TCS, Wipro were among top Nifty 50 losers, while Nifty IT index dropped 1.8 percent, worst sector on NSE.
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.
Infosys stock rating: CLSA bullish, sees $300-400 billion opportunity in GenAI; check target price
CLSA sees $300-400 billion GenAI opportunity for IT companies by 2030. The brokerage says that Infosys is well placed to capitalise on it, as it leads peers in AI adoption, and already earns $1B from GenAI services.
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.