10 stories found
Global stock markets showed mixed performance, with U.S. futures and European stocks experiencing fluctuations. In India, several companies like Balkrishna Industries, Phoenix Mills, Hindalco Industries, Endurance Technologies, and Ipca Laboratories saw their shares gain, while LTM and HCL Technologies shares fell.
HCL Technologies' share price experienced a significant drop of over 10%, leading to a loss of approximately Rs 38,000 crore from its market capitalization.
Infosys, HCL Tech, Tata Consultancy Services, Tech Mahindra and State Bank of India were among the biggest laggards
From the Sensex pack, Tech Mahindra, Infosys, HCL Tech, Eternal, Tata Consultancy Services and Maruti were among the biggest gainers
The Indian stock market, with Sensex and Nifty, opened marginally higher today, with HCL Tech, Maruti, and M&M among the top gainers.
Major Indian IT companies, including Infosys and HCL Technologies, have filed numerous WARN notices in Texas, signaling significant layoffs attributed to the growing impact of AI on large deals and reduced demand for redeployment.
IT giants Infosys and HCLTech are implementing temporary measures due to an LPG gas shortage impacting India.
Indian equities rose for a third consecutive day, with Sensex and Nifty climbing due to positive global cues, foreign investment, and easing crude oil prices following a reported US-Iran peace deal. IT stocks, led by HCL Tech, saw significant gains.
Tata Consultancy Services (TCS) and HCL Technologies dropped nearly 2%, while Tech Mahindra slipped more than 1%.
Infosys, Tech Mahindra, HCL Tech, and Eternal were among the gainers