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An Axis Securities note provides a sector-wise distribution of stocks trading above key Exponential Moving Averages. EMAs give more weight to recent prices, making them more responsive to new triggers
A combined 3.46 million equity shares representing 11 per cent of total equity of Mastek have changed hands on the NSE and BSE till 02:49 PM
Trump Tariffs: Analysts at Kotak Institutional Equities believe Tata Consultancy Services (TCS), followed by Infosys, HCL Tech, and Coforge have lower downside from current levels
While the Nifty IT index lost 4.21 per cent due to US recession fears, investors found comfort in the pharma sector, which was spared harsh treatment in the sweeping tariffs announced by US President
The downturn in IT stocks can be attributed to fears around recession and as manufacturing hubs in China and Taiwan face new tariffs above 30 per cent
Sumit Pokharna, vice president for fundamental research at Kotak Securities suggests five IT stocks that investors can still bet upon from a long-term perspective
The IT sector defied the market's trend by adding gains, driven by positive global cues stemming from expectations of softer tariffs and a recent correction in valuations
IT stocks today: On the bourses, the Nifty IT index dropped 2.7 per cent in the intraday trade on the National Stock Exchange (NSE), but trimmed losses to quote 0.17 per cent down at 10:20 AM
Wipro's stock rose as much as 3.11 per cent during the day to Rs 273.95 per share, the biggest intraday gain since March 3 this year
Among the 10 constituents on the index, around 10:07 AM, 9 declined with LTIMindtree, Tata Consultancy Services (TCS), Infosys, Coforge, HCLTech down nearly 2 per cent
Information technology (IT)and fast-moving consumer goods (FMCG) stocks bore the brunt of the FPIs selling in the first two weeks of this month
Private banks, non-banking financial companies (NBFCs), healthcare, telecom, and metals were preferred sectors by mutual funds
The Nifty IT index hit its lowest level since June 28, 2024, and has declined 17% thus far in the calendar year 2025, as compared to 5% decline in the Nifty 50.
IT stocks were seen trading in oversold zones at current levels; despite this technical charts suggest that Infosys, TCS, HCL Technologies and Tech Mahindra could slip up to 13% from here on.
US markets ended sharply lower on Monday as fear mounted that the US economy could be careening into a recession. Nasdaq Composite plunged 4 per cent
Technical outlook on Nifty IT, large-cap technology stocks: The IT index along-with Infosys, TCS, HCL Technologies, Tech Mahindra and Wipro look poised for further losses from present levels.
Infosys share price outlook: Infy was seen testing the 200-DMA for the first-time since June 2024; technical chart hints at further 9% downside risk for the stock.