TCS, Infosys, HCLTech: Why major IT stocks are falling today
5 days, 20 hours ago

TCS, Infosys, HCLTech: Why major IT stocks are falling today

India Today  

Major information technology stocks took a hit in early trade on Wednesday, with the Nifty IT index sliding over 2% as investors turned cautious ahead of the US Federal Reserve’s policy decision. Shares of TCS and Infosys dropped 2%, while other IT names like HCLTech, Tech Mahindra, LTIMindtree, and Coforge also traded in the red. Adding to the pressure, brokerage firm Citi released a note stating that despite a 20% correction from its peak, the Nifty IT index remains in “bear market territory.” Citi pointed out that valuations for the index are stretched, currently at 24 times one-year forward earnings. Currently, Citi has a “neutral” rating on three IT stocks, including Infosys and HCLTech, while maintaining a “sell” rating on nine others.

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History of this topic

Infosys, TCS, HCLTech gain up to 2%: Why are IT stocks rising today?
4 days, 20 hours ago

Infosys, TCS, HCLTech gain up to 2%: Why are IT stocks rising today?

India Today  

Sensex and Nifty opened higher on Thursday, continuing their positive trend for the fourth straight session. As a result, the benchmark indices saw strong gains with Sensex jumping over 500 points, while Nifty also gained nearly 150 points to cross the 23,000 mark. IT STOCKS LEAD RALLY ON D-STREET IT sector stocks showcased strong performance in early trade with the …

Stock market today: Sensex tanks 137 points, Nifty declines 28 points to 22,516 in early trade
2 weeks, 3 days ago

Stock market today: Sensex tanks 137 points, Nifty declines 28 points to 22,516 in early trade

India TV News  

Stock market today: Sensex tanks 137 points, Nifty declines 28 points to 22,516 in early trade As market participants remain cautious amid global trade concerns, experts believe all eyes will be on further economic cues and technical levels for market direction in the coming sessions. Stock markets update: Equity benchmark indices declined in early trade on Friday amid weak trends …

Explained: Why IT stocks like TCS, Infosys, Tech Mahindra are falling today
3 weeks, 3 days ago

Explained: Why IT stocks like TCS, Infosys, Tech Mahindra are falling today

India Today  

The sharp decline in information technology stocks was one of the key factors behind Friday’s stock market crash. Tech Mahindra was the biggest loser among IT stocks, down nearly 5.5% at the time of publishing this report; Wipro was also down nearly 5%. IT stocks fell sharply due to the impact of Donald Trump’s latest announcement on tariffs that have …

TCS, Infosys to Tech Mahindra: Nifty IT index dips after weak Capgemini earnings
1 month ago

TCS, Infosys to Tech Mahindra: Nifty IT index dips after weak Capgemini earnings

Live Mint  

Stock market today: Shares of IT companies declined in the early morning trade on Wednesday, February 19, following a weak set of earnings announcements by the French IT consulting firm Capgemini. Capgemini reported a 2% decline in its annual constant currency sales, Reuters reported, but narrowly beat analyst estimates, helped by sustained demand for its cloud and AI services. Expert …

Stock market today: Fag-end buying drives Sensex over 550 points higher, Nifty 50 above 23,150; IT stocks hog limelight
2 months ago

Stock market today: Fag-end buying drives Sensex over 550 points higher, Nifty 50 above 23,150; IT stocks hog limelight

Live Mint  

Stock Market Today: Indian markets bounced back sharply in Wednesday's trading session, January 22, recovering from the sharp sell-off witnessed in the previous session, which had pushed the front-line indices to a 7-month low. Commenting on today's market performance, "Vinod Nair, Head of Research, Geojit Financial Services said, "The benchmark indices rebounded amidst heightened volatility following better-than-expected results from a …

Wipro, TCS to Infosys: Why are Indian IT stocks rising despite volatile Indian stock market? EXPLAINED
2 months ago

Wipro, TCS to Infosys: Why are Indian IT stocks rising despite volatile Indian stock market? EXPLAINED

Live Mint  

Stock market today: Shares of Indian information technology companies rose in trade on Wednesday, January 22 despite high volatility in the stock market. Ross Maxwell, Global Strategy Operations Lead at VT Markets had said that Asia's economies may face volatility due to Trump's trade wars and tariffs, but some sectors — like tech and defence — could thrive. Lastly, there …

Sensex, Nifty open higher driven by a rally in IT sector stocks; Wipro gains 2%
2 months ago

Sensex, Nifty open higher driven by a rally in IT sector stocks; Wipro gains 2%

India Today  

Benchmark stock market indices gained in early trade to open higher on Wednesday after witnessing a crash in the last session. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, ""President Trump’s orders and announcements, so far, have been disruptive. Wipro led the IT sector stocks with a healthy gain of 2.11%, followed by Infosys which rose 1.58%. …

Nifty IT index jumps 2.8% after strong TCS Q3 results. Experts see THIS Accenture connect
2 months, 2 weeks ago

Nifty IT index jumps 2.8% after strong TCS Q3 results. Experts see THIS Accenture connect

Live Mint  

The Nifty IT index surged nearly 3% on Friday, driven by strong December quarter earnings reported by Tata Consultancy Services. All components of the Nifty IT index traded positively, with TCS, LTI Mindtree, Tech Mahindra, Wipro, Infosys, and Persistent Systems emerging as the top performers. TCS share price rally, following its strong Q3 results, bolstered sentiment across the IT sector …

TCS, Infosys, HCLTech rise up to 4%. Why IT stocks are rising today?
2 months, 2 weeks ago

TCS, Infosys, HCLTech rise up to 4%. Why IT stocks are rising today?

India Today  

Benchmark stock market indices settled lower after opening higher on Friday, reflecting high volatility in the market, with Sensex and Nifty falling nearly 0.5%. All the sectoral indices were in red but the IT sectoral index stood tall amid the bearish sentiment in the market and was the reason behind Sensex and Nifty opening higher today. Strong Q3 results from …

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today
3 months, 3 weeks ago

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today

India Today  

Shares of leading Indian IT companies faced significant pressure on Thursday, with stocks like Infosys, TCS, HCLTech, Tech Mahindra, LTIMindtree, and LTTS declining by 2-4%. This raised doubts about the pace of interest rate cuts by the US Federal Reserve, with traders now estimating a 65% chance of a rate cut next month. "The inflation numbers have renewed fears of …

TCS vs Infosys vs Wipro: Which IT stock stands strongest ahead of the US presidential election 2024? Experts weigh in
4 months, 2 weeks ago

TCS vs Infosys vs Wipro: Which IT stock stands strongest ahead of the US presidential election 2024? Experts weigh in

Live Mint  

The US presidential election in 2024 could have a major impact on the outlook for Indian IT service providers. Trivesh D, COO of Tradejini, pointed out that the Indian IT sector has historically shown resilience around major US events, including elections, despite its heavy dependence on American clients and the broader US economic climate. "Since 2020, the Nifty IT index …

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Infosys, and IndusInd Bank today
6 months, 1 week ago

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Infosys, and IndusInd Bank today

Live Mint  

Top Stock Recommendations: Dharmesh Shah of ICICI Securities recommends two stocks to buy this week: Infosys and IndusInd Bank. Stock Market News: Monday saw the domestic benchmark indices, Sensex and Nifty 50, opening slightly higher as investors stayed wary ahead of the upcoming Fed rate cut event this week. The major domestic and global economic data, such as India's WPI …

Stock market today: Nifty 50, Sensex jump almost 2% each on all-round buying
1 year, 1 month ago

Stock market today: Nifty 50, Sensex jump almost 2% each on all-round buying

Live Mint  

Stock market today: The domestic equity market experienced widespread buying on Monday, January 29, propelling key indices- the Sensex and the Nifty 50 - to soar by nearly 2 per cent each, amid positive global cues. The BSE Midcap index rose 1.68 per cent and the Smallcap index ended 1.03 per cent higher. The Nifty Bank index rose 1.28 per …

Infosys shares fall, raising demand worries for Indian IT sector
1 year, 5 months ago

Infosys shares fall, raising demand worries for Indian IT sector

The Hindu  

Shares of Infosys, India's No. 2 IT services provider, fell as much as 4.5% on Friday after a cut to the upper end of the company's annual revenue forecast fanned further worries of a delay in demand recovery in the sector. Several analysts said the IT company's move to cut outlook for the second straight quarter was emblematic of near-term …

Infosys shares tumble 10% after cut in full-year revenue guidance; mcap falls by ₹43,776 crore
1 year, 8 months ago

Infosys shares tumble 10% after cut in full-year revenue guidance; mcap falls by ₹43,776 crore

The Hindu  

Shares of Infosys tanked nearly 10% on Friday morning after the company reported a lower-than-expected 11% rise in net profit for the June quarter and slashed its FY24 growth outlook. Infosys on Thursday reported a lower-than-expected 11% rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5%t on delayed …

Markets tumble in early trade; Infosys falls nearly 8% after company slashes FY-24 growth
1 year, 8 months ago

Markets tumble in early trade; Infosys falls nearly 8% after company slashes FY-24 growth

The Hindu  

Equity benchmark indices tumbled in early trade on July 21 after a non-stop record-breaking rally, dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook. After a record-breaking rally for the past many days, the 30-share BSE Sensex tumbled 749.75 points to 66,822.15 in early trade. From the Sensex pack, Infosys tanked nearly 8% after the …

Infosys share price continues to fall for 3rd straight day post weak Q4 show
1 year, 11 months ago

Infosys share price continues to fall for 3rd straight day post weak Q4 show

Live Mint  

The Infosys share price today opened marginally lower at ₹1,257.60 but extended losses to fall to a low of ₹1,238.70. The share price of Infosys dropped by an unprecedented level on Monday to touch a fresh 52-week low with investors losing ₹58,000 crore or value. Catch live market updates here Weak Q4 numbers from India's top IT company, TCS further …

Infosys woes spark selloff in stocks of tech firms
1 year, 11 months ago

Infosys woes spark selloff in stocks of tech firms

Live Mint  

Mumbai: The bear onslaught on 10 technology stocks comprising the Nifty IT index wiped ₹1.03 trillion off investor wealth, with Infosys Ltd alone accounting for a little more than half of the losses, following a slew of price and ratings downgrades after the software major disappointed investors with its sales forecast for the current year, amid a banking crisis in …

Nifty IT hits fresh 1-year low, all shares in red. Which stocks to buy/sell?
1 year, 11 months ago

Nifty IT hits fresh 1-year low, all shares in red. Which stocks to buy/sell?

Live Mint  

IT indexes were in a bloodbath on Monday after Infosys' Q4 earnings came in lower than estimates. Infosys emerged as the top loser, while peers TCS, HCL Tech, Tech Mahindra, and Wipro have also witnessed a significant drop in share prices. Infosys rivals like HCL Tech saw a 2.8% contraction, and Wipro and TCS shed around 1.8% and 1.6% respectively. …

Markets halt 9-days gaining spree; IT stocks worst hit post weak TCS, Infosys Q4
1 year, 11 months ago

Markets halt 9-days gaining spree; IT stocks worst hit post weak TCS, Infosys Q4

Live Mint  

Markets faced an intense spell of bears on Monday with Sensex and Nifty 50 erasing their psychological levels of 60,000 and 17,700 respectively. The biggest elephant in the room would be IT stocks which were a hot mess in today's trading session after a weak fourth quarter from tech giants TCS and Infosys. Infosys touched a new 1-year low today …

Are IT stocks the ITC of 2023?
2 years ago

Are IT stocks the ITC of 2023?

Live Mint  

ITC was probably the most talked about stock of 2021 and 2022. From the lows of April 2020 to January 2021, the ITC stock was up 30%, while the BSE Sensex was up 133%. From ₹220 in January 2022, the stock shot up 60% to ₹356 by November 2022 and eventually touched its all-time high of ₹392 in March 2023. …

Wipro's shares dip, HCLTech shines as IT sector braces for slowdown: Report
2 years, 5 months ago

Wipro's shares dip, HCLTech shines as IT sector braces for slowdown: Report

Hindustan Times  

Shares of India's Wipro Ltd fell over 5% on Thursday after it missed quarterly profit estimates and forecast weak revenue growth, while rival HCLTech saw a 3% rise as strong order wins led to upbeat growth outlook. Wipro's forecast for a soft revenue growth and a nine-quarter low net hiring reflects "rising uncertainty in demand," Jefferies analyst Akshat Agarwal wrote. …

IT Stocks Bleed after TCS’ Muted Q1 results
2 years, 8 months ago

IT Stocks Bleed after TCS’ Muted Q1 results

Deccan Chronicle  

Mumbai: IT sector stocks suffered losses on Monday after Tata Consultancy Service's first quarter performance missed estimates and management commentary indicated clients' tech spends could be impacted due to the current macro economic environment. TCS shares closed 4.64 per cent down at Rs 3,113.25 on the BSE, wiping out Rs 55,471.21 crore from its market capitalisation, now reduced to Rs …

TCS, Infosys shares trade near 52-week lows. Good levels to buy?
2 years, 9 months ago

TCS, Infosys shares trade near 52-week lows. Good levels to buy?

Live Mint  

Shares of top Indian IT companies Tata Consultancy Services and Infosys have fallen sharply amid the current market volatility and the IT stocks are trading near their respective 52-week low levels. Domestic brokerage and research firm Motilal Oswal is bullish on the IT stocks and has Buy tags on both TCS and Infosys shares with a target price of ₹4,240 …

Top picks: Brokerage gives ’Buy’ tags to TCS, Infosys, Wipro, 5 other IT stocks
2 years, 9 months ago

Top picks: Brokerage gives ’Buy’ tags to TCS, Infosys, Wipro, 5 other IT stocks

Live Mint  

The IT sector has corrected significantly over the past five months, with Nifty IT correcting 24% CYTD as compared to a 6% correction in the Nifty index. The stock price correction has largely been due to the derating of valuation multiples, as earnings estimates have mostly remained intact or seen minor downgrades. The brokerage has remained positive on the Indian …

Wipro, TCS to Tech Mahindra — experts give ’buy’ tag to these IT stocks
3 years, 8 months ago

Wipro, TCS to Tech Mahindra — experts give ’buy’ tag to these IT stocks

Live Mint  

Stocks to buy today: After strong closing on Friday weekend trade session at both Indian and US indices, bulls are expected to come strongly when the stock market opens on Monday. Wipro share price outlook Speaking on the Wipro share price target Tirthankar Das of Ashika Stock Broking said, "Wipro shares are taking support at 23.6 per cent retracement of …

Infosys, TCS to HCL Tech: Experts explain why these stocks are all set to rally
3 years, 9 months ago

Infosys, TCS to HCL Tech: Experts explain why these stocks are all set to rally

Live Mint  

Stocks to buy today: On account of US Dollar scaling high against major global currencies and fear of third wave of Covid-19 looming around, IT stocks are expected to move upside in both short-term and mid-term time-horizon. Here is the outlook for above mentioned IT stocks: 1] Infosys: Speaking on Infosys share price target Ravi Singhal of GCL securities said, …

Sensex, Nifty edge lower as investors lock in profits
5 years, 3 months ago

Sensex, Nifty edge lower as investors lock in profits

Hindustan Times  

Shares inched lower on Tuesday, led by losses in information technology stocks, as investors locked in profits in overbought shares towards the year end. Shares inched lower on Tuesday, led by losses in information technology stocks The NSE Nifty 50 index was down 0.14% at 11,920.95 and the benchmark BSE Sensex fell 0.12% to 40,435.71 by 0417 GMT. Generic drugmaker …

Infosys ranked 3rd in Forbes 'best regarded' companies list
5 years, 6 months ago

Infosys ranked 3rd in Forbes 'best regarded' companies list

The Quint  

New Delhi, Sep 24 Infosys, TCS and Tata Motors are among the 17 companies that have made it to the latest Forbes' list of the World's Best Regarded Companies. While Infosys has been ranked third in the list -- just behind payment technology major Visa and Italian car maker Ferrari, ranked 1 and 2, respectively -- Tata Consultancy Services has …

TCS shares underperform Nifty for fourth year in a row
7 years, 3 months ago

TCS shares underperform Nifty for fourth year in a row

Live Mint  

Mumbai: Shares of Tata Consultancy Services Ltd, India’s largest IT firm by market value, underperformed the benchmark Nifty 50 index for the fourth consecutive year in 2017. Brokerage firm Nomura Research finds valuations of TCS to be expensive as it is not convinced on margin sustainability and expects earnings before interest and tax margins to fall to 23.9% in fiscal …

Nifty breaches 8,000-mark in steady morning trades; Infosys leads IT pack
9 years, 6 months ago

Nifty breaches 8,000-mark in steady morning trades; Infosys leads IT pack

Firstpost  

The breadth of the market was firm with 1,162 stocks advancing against 540 declines on BSE Tracking overnight gains in the US markets and subsequent upturn in Chinese indices, local shares rose sharply with the benchmark Nifty breaching the crucial 8,000-mark and the Sensex gaining nearly 150 points amid hectic buying activity in several frontline software counters. On Monday, key …

Ahead of earnings, Infosys falls nearly 5% on downgrade; m-cap down Rs 10K cr
10 years, 5 months ago

Ahead of earnings, Infosys falls nearly 5% on downgrade; m-cap down Rs 10K cr

Firstpost  

The stock was the biggest loser among the 30-Sensex blue-chips, dragging the BSE IT sector index by 3.44 per cent. Mumbai: Shares of IT services major Infosys lost 5 per cent today, wiping-out Rs 10,341.31 crore from its market capitalisation, after Citigroup downgraded India’s second largest software exporter. The company’s stock settled 4.70 per cent lower at Rs 3,650.20 on …

IT stocks sink as rupee rises
10 years, 10 months ago

IT stocks sink as rupee rises

India TV News  

Mumbai: IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day. Shares of TCS, the country's most valued firm declined by 5.69 per cent to settle at Rs 2,034.70 on the BSE. During the day, the scrip lost 7.27 per cent to Rs 2,000.50.The …

Infosys shares jump 5 per cent post Q4 results
10 years, 11 months ago

Infosys shares jump 5 per cent post Q4 results

India TV News  

Mumbai: Shares of Infosys on Tuesday rose nearly five per cent after the company reported 25 per cent increase in net profit for the quarter ended March 31, 2014. The scrip of the country's second largest software services firm opened the day on a positive note and further gained four per cent to Rs 3,371.80 at the BSE. Infosys on …

IT stocks buck weak market trend, gain up to 3.5% on Re fall
11 years, 9 months ago

IT stocks buck weak market trend, gain up to 3.5% on Re fall

India TV News  

Mumbai, June 7: Led by TCS, IT stocks today gained up to 3.5 per cent in an otherwise weak stock market as sentiments turned buoyant amid weakness in the rupee value against the US currency as a stronger dollar boosts the sales of software firms in rupee terms. Shares of IT giant TCS rose by 3.48 per cent to close …

IT stocks fall sharply on bourses on U.S. crisis
13 years, 7 months ago

IT stocks fall sharply on bourses on U.S. crisis

The Hindu  

Shares of IT companies, which earn a major chunk of their revenue from the U.S. and the Europe, fell sharply on the bourses on Monday on concerns over the U.S. losing its top-notch credit rating due to mounting debts. Similarly, India’s third largest IT company Wipro shed 5.53 per cent and was quoting at Rs. Weakness was seen in the …

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