Concerns over rising inflation stemming from potential energy supply disruptions and rationing prompted investors to book profits, while FII outflows added to the market pressure, said Geojit.
IT major Infosys on Thursday announced the expansion of its Mohali Development Centre (DC) with the launch of a new 350,000-square-foot integrated development campus. The new campus will have the capacity to seat approximately 3,000 employees, the company said in a statement. The groundbreaking ceremony for the new facility saw the presence of Punjab Chief Minister Bhagwant Singh Mann and Cabinet Minister for Investment Promotion, Power and Local Government for Punjab, Sanjeev Arora, alongside Infosys Chief Financial Officer Jayesh Sanghrajka and others. "The expansion of Infosys' Mohali DC strengthens Punjab's position as an emerging hub for technology and innovation. This investment will create significant employment opportunities for the youth of Punjab and neighbouring states while bolstering the state's IT ecosystem. We look forward to Infosys' continued efforts in driving technology-led and inclusive economic growth in the region," Chief Minister Mann said. The new Software .
Markets in free-fall: The Sensex has declined over 1 per cent in the last seven out of nine trading sessions; dragging 55 out of BSE 500 stocks to new 52-week lows on Thursday.
Food courts at Infosys campuses in Pune, Bengaluru and Chennai will operate with limited menus as LPG supply curbs linked to the West Asia crisis disrupt catering operations
Stocks to Watch today, March 11: TVS Supply Chain, HG Infra, Waaree Renewable Technologies, Hindustan Zinc, and Bank of Baroda are among the top stocks to remain in focus today
Thus far in the calendar year 2026, TCS's market price plunged 23 per cent, as against 7.4 per cent decline in Nifty 50, data shows. The NIfty IT index lost over 1 per cent in trade on Tuesday.
With AI concerns continuing to put pressure on Indian IT stocks, analysts at HSBC expect Infosys and HCLTech's FY27 guidance could be the key catalyst for the sector
Within the Nifty 500, 14 stocks, including AWL Agri, LTIMindtree, Wipro, CoForge and IRFC were trading with a RSI reading below 20; technically the oversold threshold for the RSI parameter is 30.
AI adoption is reshaping cost structures, leading to shorter project timelines and thereby layoffs in low-skill roles, said Geojit's Vinod Nair
Indian IT majors including Tata Consultancy Services, Infosys and Wipro suspend travel and urge staff in West Asia to stay indoors as the US-Israel-Iran conflict shuts airspace across the region
Infosys founder dismissed fears of AI-led job losses, saying technology shifts have historically generated new opportunities and demanded continuous learning and adaptability
Emkay Global has turned 'Overweight' on Indian IT sector after Nifty IT fell 21 per cent in February 2026. It sees a 3-year return potential of up to 25 per cent with limited downside.
Individually, HCLTech shares were up 3.57 per cent; Infosys, Tech Mahindra, TCS, and Wipro were trading over 2 per cent higher
According to the shareholding pattern of top Indian IT companies, FIIs have trimmed their stake over the last one year amid growing fear that AI is causing significant disruption
The global research and broking house has cut their earnings estimates by 1-4 per cent across IT firms and expects 6 per cent earnings CAGR over FY26-28.
Speaking at the AI Impact Summit alongside Anthropic Chief Executive Officer Dario Amodei, Nilekani said the bigger challenge lies in ensuring the "diffusion" of technology
Anand James of Geojit Investments reckons that the momentum oscillators for Infosys are yet to show signs of full reversal, and flags key support for the stock around ₹1,340 levels.
Nandan Nilekani said that AI capability might race ahead of enterprise needs, creating both risks and opportunities for those who can execute effectively
At Infosys' Investor AI Day, Nandan Nilekani said AI's opportunity is larger than ever but enterprises face an execution gap, needing legacy overhaul, workforce reskilling and new operating models
The disclosure comes as India's $283 billion IT industry faces rising investor concerns about AI's potential to disrupt traditional, labour-intensive outsourcing models