Nifty IT jumped more than 3 percent on Monday, with largecap shares such as Infosys and midcap stocks including Persistent Systems surging up to 5 percent, as a global rally in artificial intelligence-linked shares spilled over to Indian markets. Indian IT stocks bucked weakness across most sectors, making Nifty IT the best-performing sectoral index by a wide margin, while benchmark indices and mo...

IT stocks saw a sharp rebound in early trade on Monday, recovering after last week’s steep sell-off. The Nifty IT index rose 1.88 percent and emerging among the top sectoral gainers. At 09:45 am, the Sensex was up 490 points or 0.6 percent at 77,154, while the Nifty rose 157 points or 0.7 percent to 24,055, supported in part by gains in technology stocks.Frontline IT shares led the recovery, wit...

Information technology stocks came under sharp selling pressure on Friday, snapping a six-session gaining streak, as investors rotated into financials and cyclical sectors amid a broader market rebound.At 10:22 am, the Nifty IT index was down 2.4 percent, emerging as the top sectoral loser, even as benchmark indices traded firmly higher. The Sensex rose 812 points or 1.1 percent to 77,444, while t...

Information Technology stocks were among the top losers in today’s morning trade, with heavyweights witnessing declines across the board.Shares of Infosys fell 2.1 percent to Rs 1,318, while HCL Technologies declined 1.2 percent to Rs 1,439. Wipro slipped 0.4 percent to Rs 202.Among other IT majors, Tech Mahindra dropped 1 percent to Rs 1,437, while LTIMindtree fell 1.9 percent to Rs 4,436.Refle...

CLSA said that in its discussions with major IT firms including TCS, Infosys, HCL Tech and Wipro, the brokerage found no evidence of increased pricing deflation in contract renewals due to the latest AI tools from Anthropic and OpenAI.CLSA dismissed concerns over AI-led disruption in Indian IT services, stating that there is no evidence of pricing pressure in client renewals despite the latest too...