Explained – What is causing the steep sell-off in IT stocks on Tuesday

Shares of both Infosys and TCS are down to their lowest level since 2020, while those of HCLTech are down to their lowest since September 2023.

Shares of both Infosys and TCS are down to their lowest level since 2020, while those of HCLTech are down to their lowest since September 2023.

According to sources, the exchange was initially targeting June 14, 2026, as the deadline for filing the DRHP. However, the filing may now take place as early as the beginning of June.

Duvvuri Subbarao warns the rupee faces pressure from FII outflows, rising crude and Iran tensions, as RBI weighs rate hikes and a key 100 per dollar level.

Aurionpro Solutions shares declined over 10% after weak March quarter margins and lower revenue and EBITDA, despite higher net profit and strong FY26 growth and a large data centre order.

As per the engagement, L&T Tech will serve as a global system integrator and technology development partner, supporting the design, deployment and lifecycle enablement of advanced systems engineering platforms across industries.

Shares of Fractal Analytics have gained 25.3% in the past month, thereby surging past their issue price of ₹876 per share in the process.

Investors including Peak XV, YC Holdings, Ribbit Capital and Sequoia Capital are expected to participate in the transaction, with the group looking to dilute nearly 4.3% equity in the company, along with an upsize option.

Gold and silver prices rise as investors track West Asia tensions, US CPI data, Trump Xi talks, and shifting Federal Reserve interest rate expectations.

Q4 Results LIVE Updates: Its an earnings-heavy day on the Dalal Street today. Nifty 50 stock Dr Reddy’s Laboratories is scheduled to report its numbers today. Dixon Tech, Berger Paints, Nazara Tech, INOX India, Cohance Lifesciences, Gopal Snacks, Kalpataru, KPR…

Royalty on offshore crude production has also been reduced to 8% from 9.09%, while the royalty rate on natural gas has been cut to 8% from 10% following the introduction of a new flat deduction formula.