Sensex, Nifty today: In the current session, Sensex fell 96 pts to 72,989 and Nifty slipped 36 pts to 22,082.
Wipro (1%), Tech Mahindra (1%), Infosys (2%), HCL Technologies (2.25%), Persistent Systems (4%), BirlaSoft (over 1%), Tech Mahindra (4.28%) and LTIMindtree (3.6%) were the other losers on BSE IT index.
Falling for the fifth straight month, Sensex and Nifty have lost 13.40% and 14.17%, respectively from their record highs in September end last year.
With the current phase of correction, Sensex is down 5.19% and Nifty has lost 5.06% in 2025.
Amid the rising volatility in the broader markets, Indian IT stocks have been facing the wrath of relentless sell-off and muted global sentiments.
The development was confirmed Uttar Pradesh Chief Minister Yogi Adityanath's adviser Awanish K Awasthi on X (formerly Twitter).Â
Domestic brokerage firm Axis Securities has chalked out as many as 16 stocks including Trent, SBI, HDFC Bank, HCL Tech, Lupin and more for the month of February 2025.
Sensex rose 5 pts to 77,506 and Nifty fell 26 pts to 23,482. Market cap of the BSE-listed firms stood at Rs 423.76 lakh crore today.
Infosys results would be out post market hours, around 3:45 pm. Among major IT firms, Tata Consultancy Services Ltd and HCL Technologies Ltd have already reported quarterly results. Wipro will announce its results on Friday, January 17.
HCL Tech Share Price: In a knee-jerk reaction to its quarter earnings for the December 2024 quarter, Shares of HCL Technologies Ltd cracked more than 9 per cent during the trading session on Tuesday.
Stocks including HCL Technologies, Life of Insurance Corporation, Angel One, Bharat Electronics, Indian Hotels, HDFC AMC, JSW Energy and more will be in the spotlight on Tuesday, January 14.
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