The currency has depreciated by over 3 per cent since March and currently trades at 84.8 against the greenback
Tech Mahindra's stock fell as much as 4.7 per cent during the day to ₹1,375 per share, the worst intraday loss since April 7 this year
Cyient's stock fell as much as 9.71 per cent during the day to ₹1,125 per share, the worst intraday loss since January 24 this year
Tech Mahindra Q4 Results 2025: The IT major is likely to report a flat revenue growth, while the bottom line is expected to rise by 10 per cent
HCLTech's stock rose as much as 7.4 per cent during the day to ₹1,590 per share, the biggest intraday gain since September 14, 2019
Infosys stock was quoting at ₹1,385, down 1.99 per cent compared to previous day's close of ₹1,413.10 on the National Stock Exchange
Nine of the 13 brokerages that reviewed TCS's Q4 results downgraded their target price for the stock
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
Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks
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
IT stocks such as Infosys, TCS, HCL Technologies, LTIMindtree and others have declined up to 37 per cent from the December highs and look oversold on the daily chart; here are the key levels to track.
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
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.
Shares of IT companies were under pressure on Tuesday as Trump's announcement that tariffs would proceed as planned gave rise to fears of a slowing US economy impacting IT companies' order flows
The IT sector is witnessing weaker deal momentum and cautious client spending, according to analysts
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.
At 9:57 AM, the Nifty IT index was trading lower by 2.30 per cent, at 39,612. It touched an intra-day low of 39,465.75 during the session so far.
The drop in the company's share price aligns with the dividend announcement it has made for its shareholders, as the company's shares trade ex-dividend today
IT, pharma, cement, and other sectors look attractive to analysts with no pre-budget rally in picture
The Nifty IT Index is exhibiting a clear bearish trend in the near term, prompting traders to adopt a cautious stance