Stock Market Today: Indian IT stocks, which ended last week with robust gains, kicked off this week on a positive note, as the Nifty IT index surged nearly 1% to hit a fresh all-time high of 43,751, surpassing its previous peak of 43,645 points set in mid-September. The rally began following Donald Trump’s victory in the 2024 US presidential election, …
Indian IT stocks, which had weathered the recent sell-off driven by the strong rise in the US dollar, came under significant selling pressure on Monday, November 18 as traders scaled back expectations of Federal Reserve interest rate cuts following fresh indications of US economic resilience. Traders, on the other hand, also reacted to recent comments from Federal Reserve Chair Jerome …
In June, IT stocks ended their three-month bearish streak, marking one of their strongest monthly performances. The Nifty IT index concluded the month with an impressive gain of 11.65%, marking the largest monthly jump since August 2021. The advent of artificial intelligence is bringing new business opportunities to Indian IT companies, allowing them to leverage AI to provide innovative solutions …
The Indian IT sector exhibited robust performance in Tuesday's trading session, marked by a stellar rise of nearly 3% in the Nifty IT index. As the stock hit a new all-time high, the company's market capitalisation crossed the ₹15 lakh crore mark. Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services, said, "The market exhibited …
