IT Stocks

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

Pumped money into financial services and IT, while redeeming investments from oil and gas, and auto stocks

IT, auto stocks see steepest fall, 5 Adani group firms settle higher

Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108

The board approved the stock split of equity shares having a face value of Rs 5 each into such a number of shares having a face value of Rs 2 each fully paid up

At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.

The information technology (IT) stocks were in great demand on Wednesday, with Nifty IT index surging 3.56 per cent in intraday deals

Meta Platforms warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday

Firstsource Solutions has rallied 15% to Rs 361.65, with a combined 17.24 million equity shares representing 2.5% of total equity of the company changing hands on the NSE and BSE till 01:32 PM.

Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.

Tanla Platforms revenue for the quarter under review stood at Rs 1,000.7 crore, down 0.78 per cent from Rs 1,008.6 crore

Stock Market Today: Infosys has raised its sales forecast for FY25 to 3.75-4.5 per cent, reflecting a revival in demand, particularly in banking and financial services.

Overall, the sentiment remains cautiously optimistic for Wipro ahead of results, with key focus areas including large-deal pipelines and consulting growth.

Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results

Stocks to watch today: With Accenture raising its revenue guidance for FY25 to 3-6 per cent, exceeding its previous guidance, IT stocks in India would be in focus today.

A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.

The Nifty Auto Index appears overbought on the near-term charts, indicating a potential pullback in the coming sessions, likely after the monthly expiry.

The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.

Fed rate cuts, Accenture promotion delay sour mood

The fall in IT stocks may also be attributed to a report which says Accenture Plc is planning to push back the bulk of its staff promotions by six months