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Indian benchmark indices opened higher. HUL, Nestle India, Godrej Consumer Products surged, while Lupin declined. Nifty FMCG, Marico, Dabur, Financial Services, PSU Bank, Consumer Durables, Oil & Gas gained. Global markets rise, oil prices up, rupee strengthens.
Sensex, Nifty crash: Investor wealth shrinked by Rs 5.49 lakh crore to Rs 397.90 lakh crore compared with a valuation of Rs 403.39 lakh crore recorded in the previous session.
The tie-up will see the firms help develop GenAI-led use cases, proofs of concept, tools and solutions, HCLTech has said
Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.
Job losses at IT companies have been attributed to a slowdown in spending by their customers. But there are also longer-term structural reasons, such as the adoption of Generative AI