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Nifty, Sensex turn flat in last hour of trade; IT, oil & gas drag down Nifty moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
As the original sunrise sector of post-liberalization India, the IT industry has been the crowning jewel of the domestic economy for decades. A job in the IT sector has been, often literally, the passport to a better life for millions of young graduates. Is this paradigm changing? ....
Big 4 IT stocks yet to catch up with mid-sized peers moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Shares of IT majors Infosys, Wipro, and TCS hit their fresh 52-week lows today as Indian markets tanked in line with global equities. High interest rates in the US and other major economies to tame inflation have brought the global economy on the verge of a recession which in turn has roiled sentiment in markets worldwide. Shares of Indian IT companies, which earn a majority of revenue from global clients, have taken a beating this year as the earnings outlook during the looming global recession turns grim. The shares of the three IT majors, which cater to clients worldwide, have fallen up to 45 per cent in the last one year. While Infosys is down 21.52 per cent, stock of Wipro has plunged 44.81 per cent during the period. Shares of TCS are down 22.51 per cent in a year. ....
Infosys vs HCL Tech vs TCS: The shares of the three IT majors have fallen up to 22 per cent in the last one year. While Infosys is down 15.33 per cent, stock of HCL Tech has plunged 21.72 per cent during the period. Shares of TCS have lost 18.34 per cent in a year. ....