Investors remain cautious as Dalal Street absorbs renewed geopolitical risk after US President Donald Trump warned the Iran war could last four to five weeks, adding to the uncertainty that has rattled Indian markets.Markets were shut on Tuesday for Holi, but global cues remained tense after Trump said the conflict “has always been a four-week…
US stocks drifted lower on Thursday as a selloff in Nvidia weighed on the broader market, even as most shares posted gains.The S&P 500 fell 0.6 per cent, extending the week’s volatility driven by optimism and unease surrounding the artificial intelligence boom. The Dow Jones Industrial Average rose 77 points, or 0.2 per cent, while…
MUMBAI: A global sell-off in a large number of technology stocks affected investor sentiment on Dalal Street on Tuesday, resulting in sensex sliding by 1,069 points or 1.3% to close at 82,226 points. The current sell-off is on the back of fears that AI models could upend established business models of a large number of…
US stocks traded largely steady on Tuesday, a day after sharp losses driven by fears that artificial intelligence could disrupt businesses and industries, even as investors found some reassurance in fresh AI-related investment momentum.The S&P 500 slipped 0.1%, after falling 1% in the previous session amid concerns over AI’s long-term economic impact. The Dow Jones…
A sharp selloff in technology stocks has pushed the Nifty IT index into its steepest monthly decline since the 2008 global financial crisis, as fears around artificial intelligence disruption rattled investor confidence.With Tuesday’s 6% decline, the Nifty IT index has plunged over 21% in February alone, marking its worst monthly fall since the 2008 global…
IT stocks are once again in focus, but for all the red reasons. The sector is once again suffering sharp losses after Anthropic highlighted the potential of its Claude Code tool to modernise legacy systems built on COBOL, triggering fresh concerns across the sector. Infosys slipped over 3% while shares of HCL Technologies, Mphasis and…
Infosys shares inched higher on Tuesday after the IT giant announced collaborating with Anthropic to develop enterprise-focused artificial intelligence solutions. The stock gained more than 4% during the session, touching a day’s high of Rs 1,430 on the BSE. At 1:24 pm, Infosys was trading at 1,417 on the NSE, up 51 points or 3.77%….
Tech shares continued to trade in red on Friday, extending losses as fears of disruption from artificial intelligence and fading hopes of an early interest rate cut by the US Federal Reserve continued to weigh down investor sentiment. At 9:50 am, the Nifty IT index slumped 4.59%, or 1,520 points, to trade at 31,639, reflecting…
MUMBAI: Strong selling in IT stocks, led by sector leaders Infosys and TCS, pulled sensex down by 559 points on Thursday to close at 83,675 points, BSE data showed. Nearly 400 points of the index’s fall was contributed by the slide in these two stocks, mainly on the back of questions about the viability of…
Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…