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Sensex, Nifty end in the red: 5 key reasons behind today's market fall
The Nifty IT index emerged as the worst-performing sectoral gauge, dropping 4% after Accenture cut its revenue growth guidance. IT heavyweights Infosys, TCS, HCLTech, and Tech Mahindra were among the top losers on the Nifty.
Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?
The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.
Nifty IT index cracks 6%; TCS, Infy, TechM, LTM, HCL Tech plunge up to 8%
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
Nifty Outlook for June 19: Reliance, IT stocks hold key for Friday's trade
Heading into Friday's session, IT stocks will remain in focus after Accenture shares plunged 19% in their biggest one-day decline on record. The selloff came after Accenture trimmed the upper end of its annual revenue growth forecast on June 18. Following the development, Infosys ADRs fell nearly 8%, while Wipro ADRs declined about 4%.
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set for muted open; Anthem Biosciences in focus
Sensex Today | Stock Market LIVE Updates:Today is the weekly expiry of all BSE contracts. The recent phase for the market has been a good one, with the Nifty having recovered 1,000 points from last week's low of 23,070. A close above 24,000 is also a positive.
Coforge Can Reach $5 Billion Revenue by FY30 With Just One Acquisition, Says CEO Sudhir Singh
According to Singh, maintaining existing growth momentum and completing one acquisition worth roughly $500 million would be sufficient to achieve the FY30 target.
BofA Securities is bullish on one Tata Motors unit, not so on the other
Tata Motor CV's margin focus over chasing growth is intact, despite near term cost pressure. Pricing discipline, mix, cost control and truck revenues are some of the other areas of focus, BofA wrote in its note.
All eyes on Kevin Warsh: Will the new US Fed Chair set the tone for rate cuts?
The Federal Reserve, under new Chair Kevin Warsh, starts a two-day meeting on June 16, likely keeping rates unchanged. Investors are focused on inflation and growth outlooks, with mixed economic data and easing oil supply concerns potentially influencing future policy decisions.
Nifty at 25,000 could be a profit-booking opportunity: Rahul Arora
Rahul Arora, CEO of Ashika Institutional Equities remains selective on consumer stocks, favouring Britannia, Tata Consumer and Nestle, while preferring Eternal over Swiggy in the internet space due to stronger growth prospects and lower losses.
Tata Steel Ltd eases for fifth straight session
Tata Steel Ltd is quoting at Rs 194.58, down 1.37% on the day as on 13:19 IST on the NSE. The stock jumped 27.51% in last one year as compared to a 3.68% slide in NIFTY and a 39% spurt in the Nifty Metal index.
Adani Ports to invest up to $100 million with Kaleris to accelerate terminal automation
Adani Ports is partnering with Kaleris to deploy AI-powered systems across its container terminals. This expansion aims to significantly increase cargo handling capacity by 2030. The technology will enhance operational efficiency and customer experience. This digital upgrade supports Adani Ports' ambitious growth plans and its goal to handle one billion tonnes of cargo annually.
HCL Technologies share emerges top gainer on Nifty 50 and Sensex after Sarvam AI investment move
HCL Technologies share price has gained 12% in one month, but has risen only 1% in six months. The largecap IT stock has fallen 13% on a year-to-date (YTD) basis, and has declined 8% in one year. HCL Tech shares have jumped 51% in three years and 107% in five years.