Core Insights - Infosys, India's No.2 software-services exporter, reported that artificial intelligence services contributed 5.5% to its revenue in the December quarter, marking the first time the company has disclosed its AI business performance [1] - The Indian IT industry, valued at $283 billion, is facing investor concerns regarding AI's potential to disrupt traditional outsourcing models [1] Company Performance - Infosys achieved third-quarter revenue of 454.79 billion rupees ($5.01 billion) [4] - The company is actively engaged in 4,600 AI projects and has developed over 500 AI agents, indicating a robust growth in its AI offerings [2] Industry Context - The software-services sector in India has recently faced scrutiny, with IT stocks experiencing their worst week in over 10 months due to concerns about AI tools accelerating disruption, resulting in a loss of approximately $40 billion in market capitalization in February [3] - Infosys announced a collaboration with Anthropic to establish a dedicated center for building and deploying AI agents, initially focusing on telecom and later expanding into financial services, manufacturing, and software development [4] Events - India is currently hosting the AI Impact Summit in New Delhi from February 16-20, showcasing the country's technology ambitions [5]

Core Insights - The net profits of listed companies grew 14.7% year-on-year in Q3FY26, marking the fastest growth in the last eight quarters [1] Financial Performance - Adjusted net profits of the 3,353 companies in the Business Standard sample increased to approximately ₹3.97 trillion in Q3FY26 from ₹3.47 trillion in Q3FY25 and ₹3.67 trillion in Q2FY26, reflecting a growth of 14.7% year-on-year [2] - Reported net profits showed a slower growth of 9.5% year-on-year in Q3FY26, down from 11.9% in Q3FY25 and 33.4% in Q2FY26 [5] Sector Contributions - Indian Oil Corporation (IOC) was the largest contributor to earnings growth in Q3FY26, accounting for 22.4% of incremental earnings growth, with net profits rising nearly eightfold to ₹13,007 crore from ₹1,630 crore a year earlier [6][7] - The State Bank of India reported a 24.5% year-on-year increase in net profits, contributing 8.1% to corporate earnings growth [8] - Other significant contributors included Bharat Petroleum Corporation (6.8%), Tata Steel (4.8%), and HDFC Bank (3.8%), with these five companies together accounting for nearly 46% of incremental earnings growth [9][10] Sector Performance - Cyclical sectors accounted for 56.2% of corporate profits in Q3FY26, up from 53.3% a year earlier and 55.8% in Q2FY26 [12] - Traditional earnings leaders like Reliance Industries, Tata Consultancy Services, and Infosys underperformed with below-par earnings growth [13] Revenue and Cost Analysis - Net sales of all companies increased by 8.9% in Q3FY26, reaching around ₹41.17 trillion, the fastest growth in the last 11 quarters [16] - Non-cyclical sectors saw net sales growth of 10.9% year-on-year in Q3FY26, slightly up from 9.2% in Q3FY25 [17] - The Ebitda margin for companies outside the BFSI sector decreased by 20 basis points year-on-year to 17.9% of revenues [19] - Interest expenses as a percentage of revenues fell to 2.7% in Q3FY26 from 2.9% in Q3FY25, indicating a decline in interest burden [21]

Market Overview - Benchmark equity indices Sensex and Nifty experienced a decline of more than 1 percent due to a broad selloff, particularly in metal, IT, and commodity stocks, reflecting sluggish global market conditions [3][4][9] - The 30-share BSE Sensex fell by 1,048.16 points, or 1.25 percent, closing at 82,626.76, with an intraday low of 82,534.55 [3] - The 50-share NSE Nifty dropped by 336.10 points, or 1.30 percent, settling at 25,471.10, hitting an intraday low of 25,444.30 [4] Sector Performance - Major laggards among Sensex constituents included Hindustan Unilever, Tata Steel, Tata Consultancy Services, and HCL Technologies, while Bajaj Finance and State Bank of India were the only gainers [5][6] - Profit-booking was observed in metal stocks amid a stronger dollar index, influenced by geopolitical developments regarding Russia's return to the US-dollar settlement system [10] Analyst Insights - Analysts noted that domestic equities ended lower due to weak global cues and concerns over upcoming US inflation data [7] - Sentiment from the US-India trade deal has diminished, with renewed fears of AI-driven disruption affecting risk appetite, particularly for Indian IT firms reliant on the labor arbitrage model [7][9] - The cautious market tone led to negative performance across all major indices, with most sectors closing in the red [9] Asian Market Performance - Asian markets, including Hong Kong's Hang Seng, Shanghai's SSE Composite, Japan's Nikkei 225, and South Korea's Kospi, also ended in negative territory [11] - Foreign institutional investors purchased equities worth Rs 108.42 crore, while domestic institutional investors were net buyers of stocks worth Rs 276.85 crore [11]

Core Insights - The benchmark equity indices in India experienced a decline, primarily driven by a significant sell-off in technology stocks due to global uncertainties and concerns regarding AI-led disruptions in IT services [9][8] - The BSE Sensex fell by 558.72 points, or 0.66%, closing at 83,674.92, while the NSE Nifty dropped by 146.65 points, or 0.57%, ending at 25,807.20 [9] - Major technology companies such as Tech Mahindra, Infosys, and Tata Consultancy Services (TCS) saw declines of nearly 6% each, marking them as significant laggards on the Sensex [9][7] Company Performance - Tech Mahindra experienced a decline of 5.99%, Infosys fell by 5.84%, and TCS decreased by 5.49% [9][7] - Other companies that ended in the red include HCL Technologies (-4.87%), Wipro (-4.67%), Mahindra & Mahindra (-2.23%), and Hindustan Unilever (-2.17%) [9][7] - In contrast, Bajaj Finance was among the top gainers, increasing by 3.12%, followed by Shriram Finance (2.47%) and Eicher Motors (2.22%) [9][7] Sectoral Analysis - The Focussed IT sector saw the most significant decline, dropping by 5.40%, followed closely by the broader IT sector, which fell by 5.29% [9][8] - Broader market indices also reflected negative sentiment, with the BSE MidCap Select Index decreasing by 0.48% and the SmallCap Select Index slipping by 0.28% [9][8] Market Sentiment - Investor sentiment was dampened by concerns over AI's impact on service-intensive sectors, leading to a structural transformation in IT services that may challenge traditional outsourcing models [8][9] - Geopolitical tensions, particularly between the US and Iran, are contributing to a cautious approach among investors in the near term [8][9]

Core Insights - Udemy has partnered with OpenAI to integrate its skills content into ChatGPT, enhancing personalized and interactive upskilling experiences for users [1] - The integration aims to provide a comprehensive reskilling operating system that includes skill discovery, acquisition, mastery, validation, and acceleration directly within ChatGPT [1] - This collaboration targets approximately 800 million weekly active users of ChatGPT, focusing on learning as a primary use case [1] Company Overview - Udemy is described as a global AI-powered skills acceleration platform, offering over 290,000 courses from 90,000 expert instructors [1] - The platform aims to transform how individuals and companies build necessary capabilities for a rapidly evolving workplace [1] - Udemy's enterprise solutions are utilized by thousands of companies, including notable names like Ericsson, Samsung, and Volkswagen [1] Integration Features - The integration includes features such as Learning Journey Intelligence, which tracks individual learning paths and skill gap analysis [1] - Users can explore course content without login requirements, facilitating easier content discovery [1] - The integration allows for seamless enrollment in courses directly from ChatGPT conversations, enhancing user engagement [1] Learning Experience - The app provides interactive assessments, practical labs, and competency validation, distinguishing it from traditional AI tutoring [1] - Users can ask questions in real-time while watching course videos, creating a flexible learning environment [1] - ChatGPT will proactively suggest relevant Udemy courses based on detected learning opportunities in conversations [1] Accessibility and Future Vision - The Udemy app in ChatGPT is available to logged-in users across various subscription plans, initially launched in English with subtitle support [1] - This integration represents a step towards making high-quality education universally accessible through conversational AI [1]

Domestic equities may enter a brief consolidation phase following this week's strong rally driven by the US-India trade deal.Photograph: Francis Mascarenhas/ReutersBenchmark stock indices Sensex and Nifty closed on a flat note in a choppy session on Wednesday as gains in PSU banks and auto shares were offset by losses in IT stocks.Key PointsNSE Nifty inched up 18.70 pointsMarket attention has shifted back to mixed Q3 resultsDomestic markets have begun to benefit from improving FII flowsIn a range-bound trad ...

State Bank of India saw its market value surpass that of Tata Consultancy Services https://t.co/lbLnmX40ed ...

Market Overview - Markets traded in a narrow range with both benchmark indices showing marginal losses, as investors remained cautious ahead of the January CPI data release. The Sensex was down 156.23 points or 0.19% at 84,117.69, while the Nifty 50 slipped 26 points or 0.10% to 25,909.15 [1] Stock Performance - Eicher Motors led the gainers on the Nifty 50, rising 5.98% to ₹7,732.50, followed by Apollo Hospitals, which gained 4.55% to ₹7,547.50. Max Healthcare added 2.56% to ₹1,047.65, while State Bank of India climbed 2.36% to ₹1,171.10. Titan Manufacturing and Processing advanced 1.49% to ₹385 [2] - On the losing side, Coal India declined 2.38% to ₹420.70, making it the top loser on the index. Tata Consultancy Services dropped 1.90% to ₹2,928, while ONGC fell 1.45% to ₹268.20. ITC shed 1.37% to ₹317, and HCL Technologies declined 1.34% to ₹1,552 [3] Market Breadth - Market breadth remained negative, with 2,259 stocks declining against 1,701 advances on the BSE, while 200 stocks remained unchanged. A total of 95 stocks hit 52-week highs, while 54 touched 52-week lows. The session saw 159 stocks in the upper circuit and 116 in the lower circuit [4] Sector Performance - Sectoral indices showed mixed performance, with Nifty Next 50 up 0.07% at 69,894.10 and Nifty Financial Services gaining 0.07% to 28,206. Bank Nifty was marginally lower by 0.01% at 60,639.60. Broader markets underperformed, with Nifty Midcap 100 down 0.27% at 60,574.25 and Nifty Smallcap 100 declining 0.21% to 17,413.80 [5] Institutional Activity - Foreign institutional investors remained net buyers for the third consecutive session, purchasing ₹69 crore on Tuesday, while domestic institutional investors bought around ₹1,174 crore. Analysts noted the Nifty continues to hold above key moving averages with support near 25,800 and resistance around 26,000 [6]

Core Insights - The BSE benchmark experienced a significant increase of 2,857.46 points or 3.53 percent last week, indicating a strong rally in equities [1][6] - The combined market valuation of eight of the top ten valued firms surged by Rs 4,55,336.36 crore, with Reliance Industries being the largest contributor [6] Company Performance - Reliance Industries saw its market valuation rise by Rs 1,41,887.97 crore, reaching Rs 19,63,358.79 crore, making it the most valued firm [2][6] - Life Insurance Corporation of India (LIC) increased its valuation by Rs 64,926.1 crore to Rs 5,70,198.54 crore [4][6] - Bharti Airtel's market valuation surged by Rs 52,516.39 crore to Rs 11,62,288.64 crore [4][6] - ICICI Bank's valuation jumped by Rs 52,476.97 crore to Rs 10,06,258.82 crore [4][6] - Bajaj Finance's market capitalization climbed by Rs 48,659.83 crore to Rs 6,10,830.20 crore [5][6] - State Bank of India's valuation increased by Rs 45,460.79 crore to Rs 9,84,353.06 crore [5][6] - HDFC Bank's valuation advanced by Rs 32,350.28 crore to Rs 14,48,249.63 crore [5][6] - Hindustan Unilever appreciated by Rs 17,058.03 crore to Rs 5,69,482.18 crore [5][6] Declines in Valuation - Tata Consultancy Services (TCS) experienced a decline in market valuation by Rs 88,172.8 crore, bringing it down to Rs 10,64,242.35 crore [5][6] - Infosys saw its market capitalization decrease by Rs 63,462.66 crore to Rs 6,26,067.95 crore [6] - The decline in IT stocks was attributed to global trends in technology firms and concerns regarding rapid advancements in artificial intelligence [6]

Indian IT stocks took their biggest hit in years this week. The plunge was part of a global sell-off triggered by Anthropic's new artificial intelligence tool that led to abrupt fears about the power of AI to undercut the traditional IT services industry. It's also crystallized concerns about whether the legacy IT giants of the world have done enough to adopt AI or to counter its potentially disruptive influence.The stakes are high for India's more than $280 billion software services sector. Firms like Tata ...