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IT stocks slide up to 3% as Fed rate fears push Nifty below 23,800
Indian equity markets are trading lower, with the Nifty slipping below 23,800 and the Sensex down 190 points, dragged by IT stocks like Infosys, HCLTech, and TCS falling up to 3% on renewed worries over Federal Reserve rate hikes. PSU bank shares are also declining, while media stocks are under pressure. The negative sentiment persists across sectors as investors weigh global cues.
Nvidia raises AI server prices over 15% on memory costs
Some of Nvidia's largest customers have been informed that prices of servers containing its AI chips will rise by more than 15% in many cases on the back of soaring memory chip costs, Bloomberg News reported on Saturday. The price hikes will take effect on systems shipped in early 2027 and will affect systems powered by Nvidia’s flagship Vera Rubin and Grace Blackwell chips, the report said, citing people familiar with the matter.
AI demand drives half of Indian IT M&A deals
Nearly half of the mergers and acquisitions undertaken by India’s leading IT companies over the past two financial years were driven by the need to acquire artificial intelligence and allied capabilities, as companies increasingly turn to acquisitions to accelerate their transition towards AI-led services, according to Crisil Ratings.
Sensex Flat, IT Stocks Shine Ahead of Fed
Infosys Share Price Live Updates: Sensex trades flat, Nifty near 24,000 ahead of US Fed meet; IT pack shines 28 Jul 2026 | 09:40:00 AM IST Infosys share price live updates Discover the Infosys Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of Infosys with the latest details, including: Last traded price 1110.7, Market capitalization: 437893.91, Volume: 6518346, Price-to-earnings ratio 14.46, Earnings per share 74.65.
Punjab insures Anganwadi workers for 60 lakh
The Punjab government has announced a life insurance policy of ₹60 lakh for Anganwadi workers to protect their livelihoods.
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