IT stocks

Technology stocks have remained under pressure in 2022 so far. The intensity of the selling pressure is so severe that the top five worst performers in the BSE100 index belong to the IT sector. These five IT counters have plunged between…

On short-term charts, Tech Mahindra has given a breakout above the Ascending triangle pattern and can be seen trading in a rising channel with the formation of the higher high and higher bottom pattern," Shitij Gandhi, Senior Technical…

As seen on a year-to-date basis, none of the stocks in the Nifty IT index are in the green. Large-cap IT stocks like and have eroded up to 41 per cent of their market cap. Surjitt Singh Arora, Portfolio Manager-PMS, PGIM India, said…

Shares of information technology companies were among the top laggards this year so far as weaker margins by most companies in the June quarter further soured investor sentiment for the sector. Amid US slowdown fears and muted Q1…

Markets have been presenting an excellent opportunity to invest. Now the question on every investor’s mind is where to invest? In last week’s article, I mentioned about banking sector bottoming out. IT is another sector where the fall…

Mumbai: Morgan Stanley said continued headwinds and earnings downgrade cycle in the information technology sector have rendered the risk-reward unfavourable in the near term. The brokerage has downgraded Wipro and while selectively…

Welcome to ETMarkets Watch, your daily wrap-up to the day on Dalal Street. I am Nikhil Agarwal.Domestic benchmark equity indices settled lower for the fourth consecutive session on Thursday, led by weakness in global markets, rupee woes…

The collapse of international commodity prices, like copper, steel & aluminium, by 30 per cent, 37 per cent & 37 per cent from their respective 52-week highs is the most fortunate development for the Indian market. The domestic…

New Delhi: Information technology stocks are likely to remain under pressure in the near-term amid headwinds emanating from the worsening economic situation in key global markets and financial market volatility, according to analysts.…

Equity benchmarks Sensex and Nifty advanced nearly 1 per cent each on Thursday following positive trends in global markets. The 30-share BSE Sensex climbed 427.49 points or 0.80 per cent to settle at 54,178.46. During the day, it rallied…