Tech Stocks

Banking stocks witnessed intense selling pressure in the latter part of last week

The beating in the company's shares has wiped away 129 billion rupees ($1.6 billion) in market value

Add to that weak results from chipmaker Micron Technologies Inc., and the session turned into a brutal one for equity bulls, who are again fretting over the risk of a potential recession

Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022

Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups

Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit

TMS Ep301: G20 presidency, India's 5G tech, tech stocks, transfer of shares

What does the G20 presidency mean for India? How indigenous is India's 5G technology? Should you bet on new-age tech stocks after a mixed Q2? How to transfer shares? All answers here

Should you bet on new-age tech stocks after a mixed Q2?

Shares of new-age tech companies like Nykaa, Paytm and Zomato have fallen up to 68% from their listing prices. As they struggle with profitability, should investors keep these stocks on radar?

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

SoftBank Group Corp is expected to face further weakness in tech stocks when it reports second-quarter earnings on Friday, after two brutal quarters that have shaken Masayoshi Son's tech conglomerate

Equity benchmarks surrendered early gains to close with losses on Wednesday, snapping their four-day winning streak as investors pared exposure to telecom, realty and tech stocks amid a mixed trend in global markets. Investors were also cautious ahead of the US Federal Reserve's meeting on interest rates, while a depreciating rupee further weighed on sentiment, traders said. After a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and ended 215.26 points or 0.35 per cent lower at 60,906.09. During the day, it slipped 326.96 points or 0.53 per cent to 60,794.39. Similarly, the broader NSE Nifty fell 62.55 points or 0.34 per cent to settle at 18,082.85. Bharti Airtel was the top gainer among the Sensex constituents, spurting 3.05 per cent, followed by Maruti, Hindustan Unilever, Infosys, HCL Technologies, IndusInd Bank and Titan. On the other hand, Sun Pharma, ITC, Tech Mahindra, Dr Reddy's and Reliance Industries were among the gainers. "With the Federal

Here is the best of Business Standard's opinion pieces for today

Next few quarters could be difficult for the tech sector. If there's a slowdown in digital retail, digital advertising, or cloud services, it will inevitably be reflected in the sector's performance

Google parent Alphabet Inc. fell as much as 7.4% after third-quarter revenue came in below expectations, while software giant Microsoft Corp. lost 8.1% following a disappointing revenue forecast

S&P 500 hits lowest since Nov. 2020; rate-sensitive tech, growth stocks give back gains; energy stocks among rare gainers

Nine of the 11 major S&P sectors declined, led by a drop of 2% in consumer discretionary and 1.5% in financial stocks; Eli Lilly up on FDA approval for cancer drug

However, the latest downgrade by Goldman Sachs has come as a setback for the sector

The IT industry is seen as a hedge against rupee depreciation

Experts say valuation comfort and the buzz around large buybacks have jump-started interest in IT stocks

Snap jumps as it restructures ad business, lays off staff; Netflix rises after hiring two Snap Inc executives; Bed Bath & Beyond sinks on corporate overhaul