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Nifty IT hurtles toward historic 8-week bloodbath: AI death knell or ultimate bear trap?
Indian IT stocks are experiencing an unprecedented losing streak. This has wiped out significant market value and ignited a debate about artificial intelligence's future impact. Some investors see a major buying opportunity amid the sell-off. Foreign investors have exited, but one large mutual fund is aggressively buying. Analysts are divided on the sector's outlook.
PL Capital's top sectoral picks include defence, capital goods, power, and pharma
Amisha Vora, Chairperson and MD of PL Capital, cautioned that consumption could face pressure and that IT may remain a cash-generating sector, but with slower growth and margins. Vora also warned that gas supply disruptions could impact production chains, MSMEs and jobs, while pushing inflation and bond yields higher. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Financials remain strong despite volatility; defence a long-term play: Invasset
Anirudh Garg, Partner & Head of Research at Invasset, says financials remain one of the strongest sectors despite recent volatility, with PSU banks, newer private banks and NBFCs better placed due to healthier balance sheets. He believes crude price spikes are largely event-driven and may settle around $80–$85. Garg adds defence stocks remain a structural long-term opportunity, while quality companies like IndiGo could offer buying opportunities during temporary uncertainty.
Infosys partners with Incora to deploy AI across global aerospace and defence supply chain operations
Under the multi-year alliance, Incora will work with Infosys to implement AI-enabled capabilities supporting its operations across more than 60 countries.
DCM Financial Services Ltd leads gainers in 'B' group
Hinduja Global Solutions Ltd, Super Spinning Mills Ltd, Arvind SmartSpaces Ltd and Escorp Asset Management Ltd are among the other gainers in the BSE's 'B' group today, 10 March 2026.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
Market correction a chance to rebalance portfolios, India may outperform from April: Quant MF
Sandeep Tandon, Founder & CIO of Quant Mutual Fund, says crude’s sharp spike may peak near $120–130 and remain elevated in the near term but is unlikely to sustain beyond a few months. He expects global markets to stay weak through 2026, while India could outperform from April after recent underperformance. Tandon advises investors to stay calm and use volatility to rebalance portfolios, adding selectively to sectors such aspharma, power, telecom, and select PSUs.
For those wanting to trade downside levels, not sure if index is the right way: Rohit Srivastava
Rohit Srivastava, Founder of Indiacharts and Strike Money, says investors should focus on hedging rather than aggressive selling as markets remain volatile. He suggests using long-dated Nifty puts as protection and notes that weakness, initially seen in IT and real estate, is spreading to other sectors including banks. For short-term traders, stock-specific short trades may offer opportunities, while defensive sectors such as defence, pharmaceuticals and agro-linked plays like sugar could act as selective bets.
Jio Financial Services invests ₹147 cr in Allianz Jio Reinsurance to fund business
Jio Financial’s total investment in Allianz Jio Reinsurance Ltd now stands at ₹150 crore. Shares of Jio Financial Services Ltd ended at ₹243.10, up by ₹1.85, or 0.77%, on the BSE today, March 5.
Mazagon Dock share price surge | Co clarifies on potential ₹99,000-cr defence order win
Mazagon Dock Shipbuilders said the share price surge is due to completed CNC (Contract Negotiation Committee) talks for a ₹99,000-crore defence contract, awaiting approval, with no undisclosed info affecting trading.
Gainers & Losers: Indigo, Paras Defence among 7 big movers on Wednesday
Indian markets tumbled as the Iran-Israel war escalated, dragging energy stocks lower. Nifty and Sensex fell sharply, while select stocks like Coal India and Bajaj Hindusthan Sugar bucked the trend.
Tejas Networks, Paras Defence to Zen Technologies: War stocks rise amid escalation in US-Iran conflict
US-Iran war: Despite the stock market crash on Wednesday, those defence stocks that deal in war equipment witnessed strong buying interest during early morning deals