Tag
The Nifty IT index surged nearly 3% as Wipro, Infosys, TCS, and Coforge attracted strong buying interest. Improved market sentiment, AI optimism, and compressed valuations combined to pull investors back into the sector.
State Bank of India lost around Rs 45,000 crore in market cap in a single session, emerging as the top Nifty 50 loser after weak Q4 results. Bharti Airtel, TCS, and Larsen & Toubro also saw valuation declines on the same day.
Seven of India's top-10 most-valued firms shed a combined Rs 2 lakh crore in market cap last week. TCS and Reliance Industries were the hardest hit, dragged down by a broad bearish trend in equities. Their heavy index weight means the losses rippled across benchmark indices.
Wipro shares fell after the Indian IT major issued a weaker-than-expected revenue forecast, raising concern about sluggish enterprise tech demand. The guidance miss signals continued headwinds for India's large-cap IT outsourcing sector and sets a cautious tone ahead of peer earnings reports.
Tag
The Nifty IT index surged nearly 3% as Wipro, Infosys, TCS, and Coforge attracted strong buying interest. Improved market sentiment, AI optimism, and compressed valuations combined to pull investors back into the sector.
1mo ago · 3 min · Markets
State Bank of India lost around Rs 45,000 crore in market cap in a single session, emerging as the top Nifty 50 loser after weak Q4 results. Bharti Airtel, TCS, and Larsen & Toubro also saw valuation declines on the same day.
1mo ago · 2 min · Markets
Seven of India's top-10 most-valued firms shed a combined Rs 2 lakh crore in market cap last week. TCS and Reliance Industries were the hardest hit, dragged down by a broad bearish trend in equities. Their heavy index weight means the losses rippled across benchmark indices.
2mo ago · 1 min · Markets
Wipro shares fell after the Indian IT major issued a weaker-than-expected revenue forecast, raising concern about sluggish enterprise tech demand. The guidance miss signals continued headwinds for India's large-cap IT outsourcing sector and sets a cautious tone ahead of peer earnings reports.
2mo ago · 1 min · Markets
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