Today: 29 June 2026
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NYSE:HCLTECH 14 October 2025 - 24 February 2026

India stock market today: Nifty, Sensex tumble over 1% as IT rout deepens on AI fears

India stock market today: Nifty, Sensex tumble over 1% as IT rout deepens on AI fears

The Nifty 50 fell 1.1% and the Sensex dropped over 1,000 points Tuesday, led by a 4.7% plunge in IT stocks to a 30-month low. Tata Consultancy Services, Infosys, HCLTech, and Wipro lost up to 6.1% amid AI disruption fears and a Jefferies downgrade. Market capitalization dropped by 3.5 trillion rupees. Textile exporters also declined after export incentive cuts.
HCL Tech’s AI-Powered Pivot Ignites Stock Rally – Brokers Say It’s Better Than TCS

HCL Tech’s AI-Powered Pivot Ignites Stock Rally – Brokers Say It’s Better Than TCS

HCL Tech reported Q2FY26 revenue of ₹31,942 crore, up 11% year-on-year, with net profit flat at around ₹4,235 crore, beating analyst estimates. AI services contributed $100 million, about 3% of revenue—a first for an Indian IT firm. New deal bookings rose 44% to $2.56 billion. The company raised its FY26 services revenue growth guidance to 4–5%.

Stock Market Today

  • Sensex and Nifty Fall Amid US-Iran Geopolitical Tensions
    June 29, 2026, 2:55 AM EDT. Indian markets declined early Monday due to renewed geopolitical tensions between the US and Iran, with the 30-share BSE Sensex falling 246.54 points to 76,853.93 and the 50-share NSE Nifty dropping 50.55 points to 24,005.45. Investors turned cautious after fresh military exchanges, despite reports of a halt in further attacks. Major laggards included Kotak Mahindra Bank, Mahindra & Mahindra, and Reliance Industries, while Asian Paints and Tech Mahindra gained. Brent crude oil rose 0.72% to $72.51 per barrel. The geopolitical uncertainty affected not only Indian indices but also South Korea's Kospi and Japan's Nikkei, while Chinese and Hong Kong markets traded higher. Foreign institutional investors purchased Rs 383.76 crore worth of equities on Thursday, before the market was closed Friday for Muharram.

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