Market wrapMoneycontrol
Nifty IT index falls over 1% as global AI stocks recover
Negative0
GreyOak summary
The Nifty IT index fell 1.22% to 32,468.90, becoming the worst-performing sector. Major stocks like Mphasis, HCL Tech, and Infosys declined due to concerns over AI monetization and client spending cuts, despite a recovery in global AI and semiconductor stocks.
What it affects
- HCL TechnologiesHCLTECHNegative 0
HCL Tech shares plunged 2.43%.Rolling sentiment Positive +38
- MphasiSMPHASISNegative 0
Mphasis shares dropped 2.73%.Rolling sentiment Positive +47
- NIFTY ITNegative 0
Nifty IT index fell 1.22% to 32,468.90.Rolling sentiment Neutral +3
- InfosysINFYNegative 0
Infosys shares slipped 1.49%.Rolling sentiment Neutral 0
Source
Read the original at MoneycontrolMore HCL Technologies news
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