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WIT News14 articles
Infosys stock plunge drives Nifty IT index to 3-week low
Infosys shares fell 3.39% Tuesday, contributing about 40% of Nifty IT's 2.23% drop, as weak demand and Accenture's outlook drag the index down 13% in three weeks.
Infosys Leads IT Rout After Accenture Cuts Forecast
Infosys dropped 6.5% after Accenture trimmed its fiscal 2026 revenue-growth outlook, dragging the Nifty IT to a three-year low as demand concerns mount.
ServiceNow Shares Surge in May, AI Optimism Fuels Rebound
ServiceNow shares surged 40.8% in May, their best month since 2012 IPO, closing at $124.37. AI optimism drove enterprise software stocks higher.
Indian Markets Edge Higher as Banking Gains Counter Oil and Rupee Risks
Indian shares rose Friday, led by private banks, as the Nifty 50 gained 0.69% to 23,818.25. Gains were capped by high oil prices and a weak rupee.
Indian Markets Extend Losses as Rupee Weakens to New Low
Indian stocks fell for a fourth session as the rupee hit a record low and crude oil surged above $106. Nifty 50 dropped 1.45%, Sensex lost 1.63%.
Global Markets Rally on Geopolitical Easing and Commodity Surge
Global equities and commodities advanced sharply on April 16, 2026, driven by optimism over easing Middle East tensions and a weaker U.S. dollar. Cotton futures rallied over 90 points, while Hong Kong's Hang Seng TECH Index jumped nearly 3% and Indian benchmarks surged.
Indian Equities Retreat on Geopolitical Tensions and Oil Price Surge
Indian benchmark indices fell sharply on Thursday, with the Sensex dropping 1.20%, as escalating oil prices and doubts over a U.S.-Iran ceasefire prompted a broad sell-off. Banking stocks were the hardest hit.
Indian Equities Retreat as Oil Surge Rekindles Macroeconomic Concerns
Indian stock benchmarks fell sharply on Thursday, with the Sensex dropping 1.51% and the Nifty 50 down 1.12%, as a rebound in oil prices revived fears over inflation and growth.
Indian Markets Begin Fiscal Year Under Pressure as Crude, Currency Weigh
Indian equities enter the new fiscal year under significant strain, with benchmarks recording their steepest annual declines since 2020. The rupee hit a historic low while Brent crude prices hovered near $115, exacerbating inflation and trade deficit concerns.
Wipro Secures TruStage Contract Amid Growth Concerns
Wipro has landed a significant multi-year agreement with U.S.-based insurer TruStage to overhaul its retirement-services technology. The deal arrives as the IT services firm contends with a steep stock decline and contracting bookings.
Indian Markets Brace for Volatility Amid AI Fears, GDP Revision, and Shortened Week
Indian equities closed February with significant losses, led by a historic selloff in IT stocks due to AI earnings fears. A shortened trading week and revised GDP data add to market uncertainty.
Indian Markets Flat as AI Fears Drag IT Sector Lower
Indian benchmark indices opened with minimal movement on Wednesday, as declines in technology shares offset gains in metal and banking stocks. The IT sector faced pressure following the release of a new advanced AI model.
Indian Equities Rally on Banking Gains; RBI Rules Pressure Brokerages
Indian benchmarks advanced with the Nifty 50 closing 0.8% higher, driven by banking and realty stocks. BSE shares tumbled nearly 10% following new RBI restrictions on broker funding.
ServiceNow Soars on Wipro AI Pact, Easing Investor Concerns
ServiceNow shares surged 9% on a Wipro AI deal, easing growth fears. Q1 subscription revenue rose 22% to $3.67B, while AI product ACV topped $750M.