India Tech Stocks' Nifty Share Hits Record Low on AI Concerns
📊 NIFTY — Piyasa Yorumu
▼ down · 70%The Nifty index is showing signs of weakening technical indicators. The RSI stands at 42, and the MACD line is below the signal line, supporting a short-term bearish trend. The price is trading below the 20-day and 50-day moving averages. A news headline notes that the share of technology stocks is at a record low amid AI concerns, which could put pressure on the index. The 1.18% decline over the past 24 hours confirms the current negative momentum.
📊 INFY — Piyasa Yorumu
▼ down · 70%The share of Indian technology stocks in the Nifty has hit a record low amid AI concerns, creating a negative sectoral headwind for INFY. Although the stock has lost 8.7% in the last 24 hours and its RSI at 39.7 is approaching oversold territory, the MACD line remains below the signal line, indicating weak momentum. The price is trying to hold just above its 20-day moving average but is trading well below the 50-day average. In the short term, the risk of continued selling pressure is high, though some recovery is possible due to oversold conditions.