IT

Indian equity benchmarks plunged sharply, with the Sensex and Nifty registering steep declines amid aggressive selling in metal and information technology stocks. Heightened global uncertainty, concerns over slowing demand and persistent foreign institutional outflows weighed heavily on investor sentiment. Commodity-linked counters fell on weaker international price cues, while IT stocks retreated amid fears of reduced technology spending in key overseas markets. The selloff was broad-based, reflecting risk aversion across sectors.

Indian equity markets witnessed a sharp downturn as information technology stocks spearheaded a widespread selloff, rattling investor confidence and wiping out significant market value. Concerns over global economic headwinds, muted earnings guidance, and persistent foreign fund outflows weighed heavily on sentiment. Benchmark indices declined markedly, with technology counters bearing the brunt of the pressure amid fears of slowing demand from key overseas markets. The downturn extended across sectors, reflecting heightened volatility and risk aversion among institutional investors.

Indian equity benchmarks ended lower after a broad-based selloff in information technology stocks dragged the Sensex and Nifty into negative territory. Weak global cues, currency volatility and concerns over slowing demand in key export markets weighed heavily on investor sentiment. Large-cap IT companies led the decline, offsetting gains in select defensive and banking counters. Market participants cited valuation pressures and cautious earnings guidance as primary triggers for the downturn.

State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) in market capitalization, emerging as the fourth most valuable listed company in India. The milestone reflects strong investor confidence in the country’s largest lender amid robust credit growth, improving asset quality and sustained profitability. The shift in rankings underscores the resurgence of banking stocks as interest rate cycles stabilize and economic momentum strengthens. While TCS remains a dominant force in the technology sector, recent market dynamics have favored financial institutions.

Urban Company, India’s leading platform for home services and freelance professionals, has revealed that gig workers on its platform are earning, on average, more than freshly graduated IT professionals. Data indicates that skilled service providers in segments such as plumbing, electrical work, and beauty services are securing higher net incomes than entry-level IT hires, reflecting the robust demand for gig-based expertise and flexible work models. The trend underscores the shifting labor market dynamics in India, where alternative employment avenues are increasingly lucrative.

Indian equity benchmarks ended the session with modest gains, defying a steep sell-off in information technology stocks that weighed on market sentiment through the day. While frontline IT names came under sustained pressure following earnings-related concerns and cautious global cues, buying interest in select heavyweight sectors helped stabilize the broader indices. Financials, energy, and consumer stocks provided crucial support, offsetting technology-led losses. Market participants remained selective, balancing near-term earnings risks against longer-term growth prospects.

Shares of leading Indian information technology companies fell sharply, with LTIMindtree and Infosys declining as much as 7 percent, as investors reacted to renewed concerns over global demand and earnings visibility. The sell-off reflects heightened caution around discretionary technology spending, particularly from key overseas clients. Broader weakness across the IT sector weighed on benchmark indices, underscoring the sector’s sensitivity to macroeconomic signals from developed markets.

Wipro’s chief financial officer has welcomed the Union Budget’s emphasis on artificial intelligence alongside its commitment to fiscal discipline, calling it a balanced approach to growth and stability. The budget’s focus on emerging technologies, digital infrastructure, and innovation-led development is expected to strengthen India’s position in the global technology landscape. At the same time, adherence to fiscal targets reassures investors about macroeconomic stability.

Indian equities retreated from recent highs as selling pressure in metal and information technology stocks erased early gains and pulled benchmark indices into the red. Investor sentiment turned cautious amid global uncertainty, fluctuating commodity prices, and concerns over the near-term outlook for technology spending. While select sectors showed resilience, broad-based profit-taking in cyclical and export-oriented counters capped momentum. Market participants remained attentive to global cues, currency movements, and upcoming macroeconomic data for direction.