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Stock Market LIVE: Sensex falls 190 pts, Nifty below 25,200; Angel One up 2%, Tech Mahindra down 2%
10:51 AM
Stock Market LIVE Updates: Emcure Pharma, Sanofi India shares edge higher; what's behind the move?
Stock Market LIVE Updates: Shares of pharma major Emcure Pharmaceuticals rose over 2 per cent to hit an intraday high of ₹1,394.8 on the National Stock Exchange (NSE) after the company announced a distribution and promotion partnership with Sanofi India on Wednesday.
At 9:30 AM, the stock was quoting at ₹1,382.5, up 1.5 per cent from the previous day's close of ₹1,362.5. In comparison, the benchmark NSE Nifty50 index was trading marginally down by 15.5 points at 25,196.55 levels. The total market capitalisation of Emcure Pharmaceuticals stood at ₹26,216.58 crore. READ MORE
10:21 AM
Stock Market LIVE Updates: Will Tech Mahindra stock rise or fall post Q1 performance
Stock Market LIVE Updates: Tech Mahindra stock slipped over 2 per cent in early trade to a low of ₹1,572 on Thursday a day after reporting the June (Q1) quarter results.
The IT firm - Tech Mahindra reported a 33.9 per cent growth in consolidated net profit at ₹1,140.60 crore for Q1FY26 as against ₹851.50 crore reported a year ago. Revenue from operations rose by 2.7 per cent year-on-year (YoY) to ₹13,351.20 crore from ₹13,005.50 crore. However, on a sequential basis (quarter-on-quarter) net profit was down 2.2 per cent, and revenue dipped 0.2 per cent. READ MORE
9:30 AM
Stock Market LIVE Updates: Sector check
9:22 AM
Stock Market LIVE Updates: Sensex, Nifty flat after market opens
Stock Market LIVE Updates: BSE Sensex was flat, below 82,650-mark after the market opened. Similary, NSE Nifty50 was below 25,250-level, down 7 points.
9:10 AM
Stock Market LIVE Updates: Sensex up over 100 pts in pre-open
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Hindustan Times
26 minutes ago
- Hindustan Times
‘Kitne aadmi the': Ex Tech Mahindra CEO calls TCS layoffs end of ‘Sholay era' in IT companies
Reacting to Tata Consultancy Services' (TCS) decision to lay off around 12,000 employees, Former Tech Mahindra CEO Chander Prakash Gurnani used an iconic dialogue from the Bollywood movie Sholay to hint at a major shift in how Indian IT firms operate. CP Gurnani claimed that the layoffs signal the end of evaluating IT companies on the size of their workforce.(Image courtesy: Tech Mahindra) The IT veteran spoke to CNBC-TV18, claiming that the layoffs signal the end of evaluating IT companies on the size of their workforce and a shift in focus to growth driven by artificial intelligence (AI). 'The focus on the Sholay dialogue 'Kitne aadmi the' or judging the Indian IT industry based on headcount, thank god that period will be over. All of us will have to rewire ourselves to start looking at output and outcome-based business models, outcome-based pricing, and look at what it does for business and customers, instead of looking at IT and systems in isolation," he said. 'I am actually quite excited because we, as in the Indian IT industry, have a chance to prove that we will build platforms and accelerate innovation, and we will rule the world focusing on the application cycle,' he added. However, the former CEO dismissed fears of AI causing job cuts and said that while some roles may be chopped, AI integration will soon create new types of jobs. 'If you see the job openings at these companies, they have only increased since the previous year. This is because they need more AI engineers, more data scientists, prompt engineers and people who can collapse a few functions of an organisation,' he added. Earlier, TCS confirmed that it would slash its workforce by about 2%, laying off 12,000 employees, throughout this year. Citing change in technology and client expectations, the company claimed that it was realigning its strategy. The move will affect mid-level and senior roles across the firm. Recently, overall hiring in India's IT industry has dipped. According to data quoted by the Economic Times, from April to June 2025, India's top six IT firms added only 3,847 employees, compared to 13,935 in the previous quarter.
Time of India
44 minutes ago
- Time of India
ET Markets Watch: Sensex falls 572 points; 5 reasons behind Nifty crash
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha Vashishth. Welcome to a fresh episode of ET Market Watch, where we bring you the latest news from the world of stock markets every single day. Let's get to it. Markets extended losses today as multiple headwinds weighed on investor sentiment. The Sensex dropped 572 points, closing at 80,891, and the Nifty fell 156 points, ending at 24,680. That's nearly ₹4.9 lakh crore in market cap wiped out in a single session. Here are 5 key reasons behind today's slide: 1. India–US Trade Talks Stalled Trade negotiations between India and the US have hit an impasse, mainly over tariffs on dairy and agricultural goods. While the US struck a framework agreement with the European Union over the weekend, India's deal still hangs in limbo. That's hurting investor confidence and raising concerns about India's global trade momentum. 2. Weak Q1 Earnings, Led by Kotak Bank Kotak Mahindra Bank plunged 7.3% today after posting a drop in quarterly profit. Gross NPAs rose to 1.48%, margins narrowed to 4.65%, and overall asset quality weakened. This adds to earlier disappointments from Axis Bank and points to rising pressure in the banking sector. 3. TCS Layoffs Spook IT Sector TCS shares dropped 1.6% after it announced layoffs of 12,000 employees, or 2% of its global workforce. This is not about AI replacing jobs, it's about weak demand and internal realignment. The Nifty IT index closed 0.7% lower, with Wipro, HCL Tech, and Infosys also in the red. IT continues to be 2025's worst-performing sector, down nearly 24% from peak. 4. FIIs Continue to Sell Foreign investors sold ₹1,979 crore worth of equities today, continuing their exit for the fifth straight session. Last week alone, they pulled out over ₹13,500 crore. DIIs tried to cushion the fall with ₹2,100 crore in purchases, but the pressure remains. 5. Technical Breakdown Technically, the Nifty slipped below key support at 24,700. It failed to hold above the 50-day EMA, while RSI signals remain negative. Analysts warn of further downside toward 24,550, unless the index breaks back above 24,800–24,950. So, a mix of weak earnings, global trade uncertainty, tech layoffs, FII selling, and technical pressure drove the market lower today. Will this downward trend continue, or can domestic flows and strong earnings from select banks provide support? We'll be tracking that closely, right here on ET Market Watch. Thanks for tuning in. This is Neha Vashishth, signing off for today.
Economic Times
44 minutes ago
- Economic Times
Adani Total Gas Q1 Results: Cons PAT down 4% YoY to Rs 165 crore but revenue rises 21%
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
