Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

From worst to best: How IT stocks staged a Rs 2.6 lakh crore revival this week

Indian IT stocks staged a sharp comeback this week, adding Rs 2.6 lakh crore in market value as the sector gained 12% to become the best-performing index. Better-than-expected Q2 earnings, positive management commentary and a selloff in AI-linked stocks helped revive sentiment, even as concerns over AI adoption and earnings growth persist.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

More in Finance & Markets

Micron Stock Is 25% Below Its June Record. Is It a Buy Now?

The memory maker now sees more earnings a quarter than it did when its shares peaked. Has the sell-off been overdone?

  • Micron stock fell 25% below $1,213.56 record, trading at $914.13 Oct. 14
  • Company exceeded Q4 projections with $54.2B revenue, $33.42 EPS
  • Management expects 23% revenue growth to $61.5B in Q1 fiscal 2027

More from Friday 16 October →