Sensex, Nifty today: Will IT shares fall again on stock markets?
Gift Nifty futures were trading at 25,820 points at around 7:54 am. This suggests that the Nifty 50 may open above Wednesday's closing level of 25,776.
Stock markets are likely to open a little higher on Thursday. This comes as investors remain hopeful that a trade deal with the United States will help bring back foreign money into Dalal Street.
At the same time, markets are also keeping a close watch on company earnings and fresh selling pressure in global software stocks.
Gift Nifty futures were trading at 25,820 points at around 7:54 am. This suggests that the Nifty 50 may open above Wednesday’s closing level of 25,776.
FOREIGN INVESTORS TURN BUYERS AGAIN
Foreign institutional investors were net buyers of Indian shares on Wednesday. Provisional data shows that they bought shares worth Rs 29.79 crore during the session. This was the second straight day of buying by foreign investors.
This buying comes after heavy selling seen earlier this year. Foreign investors had sold a large amount of Indian equities in 2025, and the selling pressure continued into January. So far this month, they have bought shares worth Rs 2,845.27 crore.
Both the Nifty 50 and the Sensex have risen strongly in recent sessions. Over the last three trading days, the two indices have jumped around 3.8%.
The rise has been supported by the trade deal with the United States, which lowered tariffs on Indian goods to 18% from 50%. This has improved investor mood and helped markets recover part of their recent losses.
IT STOCKS UNDER PRESSURE
Investors will closely watch IT stocks on Thursday after sharp losses in the sector in the previous session.
Concerns around artificial intelligence-led changes in the traditional software business have hurt technology and professional services stocks across global markets.
In India, the Nifty IT index fell about 6% on Wednesday. This was its biggest single-day fall in nearly six years, highlighting the heavy selling pressure in the sector.
Global cues remain mixed, especially from the technology space. U.S. stock markets ended lower on Wednesday, led by losses in major technology companies. Investors are worried about high stock valuations and whether the strong rally driven by artificial intelligence has reached its limit.
Shares of Alphabet fell nearly 2% ahead of its quarterly results. After the market closed, the stock recovered around 2% after the company said it is increasing spending as it steps up its investments in artificial intelligence.
Advanced Micro Devices saw its shares tumble 17%. The company gave a weaker-than-expected revenue forecast and indicated that it is facing stiff competition from AI leader Nvidia.
Nvidia’s shares fell 3.4%, while the PHLX semiconductor index dropped 4.4%. The sharp fall in global technology and chip stocks could again put pressure on IT shares on Dalal Street.
WILL IT SHARES FALL AGAIN TODAY?
Given the weak global cues from technology stocks, IT shares in India may remain under pressure during Thursday’s session as well.
Investors are cautious due to worries around demand, pricing pressure, and the fast pace of change in artificial intelligence. Any further weakness in global tech stocks could lead to fresh selling in Indian IT names.
Apart from global cues, investors are also waiting for the policy decision from the Reserve Bank of India, which is due on Friday. The central bank is widely expected to keep interest rates unchanged.
Company earnings will also remain in focus. Several large firms are scheduled to announce their quarterly results later in the day. These include telecom operator Bharti Airtel, Hero MotoCorp, Tata Motors Passenger Vehicle, Life Insurance Corporation of India, and fashion and beauty retailer Nykaa.
Their results could influence individual stock moves and also impact overall market sentiment through the day.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Stock markets are likely to open a little higher on Thursday. This comes as investors remain hopeful that a trade deal with the United States will help bring back foreign money into Dalal Street.
At the same time, markets are also keeping a close watch on company earnings and fresh selling pressure in global software stocks.
Gift Nifty futures were trading at 25,820 points at around 7:54 am. This suggests that the Nifty 50 may open above Wednesday’s closing level of 25,776.
FOREIGN INVESTORS TURN BUYERS AGAIN
Foreign institutional investors were net buyers of Indian shares on Wednesday. Provisional data shows that they bought shares worth Rs 29.79 crore during the session. This was the second straight day of buying by foreign investors.
This buying comes after heavy selling seen earlier this year. Foreign investors had sold a large amount of Indian equities in 2025, and the selling pressure continued into January. So far this month, they have bought shares worth Rs 2,845.27 crore.
Both the Nifty 50 and the Sensex have risen strongly in recent sessions. Over the last three trading days, the two indices have jumped around 3.8%.
The rise has been supported by the trade deal with the United States, which lowered tariffs on Indian goods to 18% from 50%. This has improved investor mood and helped markets recover part of their recent losses.
IT STOCKS UNDER PRESSURE
Investors will closely watch IT stocks on Thursday after sharp losses in the sector in the previous session.
Concerns around artificial intelligence-led changes in the traditional software business have hurt technology and professional services stocks across global markets.
In India, the Nifty IT index fell about 6% on Wednesday. This was its biggest single-day fall in nearly six years, highlighting the heavy selling pressure in the sector.
Global cues remain mixed, especially from the technology space. U.S. stock markets ended lower on Wednesday, led by losses in major technology companies. Investors are worried about high stock valuations and whether the strong rally driven by artificial intelligence has reached its limit.
Shares of Alphabet fell nearly 2% ahead of its quarterly results. After the market closed, the stock recovered around 2% after the company said it is increasing spending as it steps up its investments in artificial intelligence.
Advanced Micro Devices saw its shares tumble 17%. The company gave a weaker-than-expected revenue forecast and indicated that it is facing stiff competition from AI leader Nvidia.
Nvidia’s shares fell 3.4%, while the PHLX semiconductor index dropped 4.4%. The sharp fall in global technology and chip stocks could again put pressure on IT shares on Dalal Street.
WILL IT SHARES FALL AGAIN TODAY?
Given the weak global cues from technology stocks, IT shares in India may remain under pressure during Thursday’s session as well.
Investors are cautious due to worries around demand, pricing pressure, and the fast pace of change in artificial intelligence. Any further weakness in global tech stocks could lead to fresh selling in Indian IT names.
Apart from global cues, investors are also waiting for the policy decision from the Reserve Bank of India, which is due on Friday. The central bank is widely expected to keep interest rates unchanged.
Company earnings will also remain in focus. Several large firms are scheduled to announce their quarterly results later in the day. These include telecom operator Bharti Airtel, Hero MotoCorp, Tata Motors Passenger Vehicle, Life Insurance Corporation of India, and fashion and beauty retailer Nykaa.
Their results could influence individual stock moves and also impact overall market sentiment through the day.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)