From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)IT stocks bleed as defence, consumer names rally; Nifty holds above 23,800
What's behind this
A global technology sell‑off triggered by the US midterm election results pulled Indian IT shares lower, with TCS and Infosys falling as investors questioned AI spending, outsourcing demand and the sector’s earnings outlook. The weakness in IT stocks dragged the Nifty down even as FMCG and healthcare indices held firm. Foreign institutional investors continued buying for a third straight session, but market participants weighed those inflows against technology‑sector weakness, broader global uncertainties and the possibility of profit‑booking after recent gains.
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On the BSE, 4,379 stocks were traded, with advances at 2,813 outnumbering declines at 1,323, while 243 stocks remained unchanged
RSS excerpt
On the BSE, 4,379 stocks were traded, with advances at 2,813 outnumbering declines at 1,323, while 243 stocks remained unchanged
