C Vijayakumar, CEO of HCLTech, emphasizes the transformative potential of AI and the need for proactive adaptation in the IT services industry. He highlights the importance of growth and relevance over protecting existing revenue bases and the continued investment in capabilities to stay competitive.
The sharp drop in US consumer sentiment and persistent inflation concerns have triggered a selloff in Indian IT stocks, which have fallen up to 28% in a month. On Monday, IT stocks fell sharply on concerns over US stagflation as the world's largest economy remains critical to the performance of the domestic tech stocks. Experts cite tariff concerns, weak earnings, and FII outflows as key risks but recommend accumulating large-cap IT stocks for long-term stability.
An unknown illness has killed over 50 people in northwestern Congo. The majority of the cases have symptoms within 48 hours. The outbreak started on January 21, and 419 cases have been recorded so far. The World Health Organisation is investigating. Samples tested negative for Ebola and other common hemorrhagic fever diseases. Some tested positive for malaria.
The Indian market is expected to consolidate on Tuesday due to mixed global cues. Nifty futures closed lower, and options data suggests a trading range between 22,000 to 23,000. Experts recommend stocks for short-term traders, with buy recommendations for Cholamandalam Investment, Kotak Mahindra Bank, SBI Cards, and Amber Enterprises, while advising sell positions on Infosys, Grasim Industries, and Tech Mahindra.
Stock market holidays 2025: Indian stock markets will be closed on February 26, 2025, for Maha Shivratri. Trading will resume on February 27, 2025. The stock market holiday calendar includes 14 closures throughout the year, with upcoming holidays set for Holi on March 14 and Id-Ul-Fitr on March 31.
Tata Capital is moving forward with its IPO plans, gaining approval to issue 23 crore new shares while allowing some existing shareholders to exit. The listing preparation process began in December, with Kotak Investment Banking leading. Tata Capital Financial Services, designated by the RBI as systemically important, must complete listing within three years.
In the Nifty500 pack, seven stocks are witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stocks short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day SMA crossed below their 200-day SMAs on February 24. Take a look:
