Tracking negative cues from global peers, benchmark equity indices snapped four-week gaining streak and closed lower for the second straight day on Friday, dragged by auto and private sector bank stocks. The 30-share Sensex ended 87 points lower at 61,663, while its broader peer Nifty 50 settled just above the 18,300 level. Among Sensex stocks, … Read more
In tandem with weak global cues, key equity indices snapped 2-day gaining streak and ended lower on Thursday, led by HDFC twins and IT stocks. The 30-share Sensex ended 230 points lower at 61,750 while its broader peer Nifty 50 ended just above the 18,350 level. Among Sensex stocks, Titan, M&M, , HDFC, Dr Reddy’s, … Read more
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
Boosted by quarterly numbers of software exporters, IT stocks led the rebound on Dalal Street on Friday. Among all major sectoral indices Nifty IT was the top gainer. Shares of information technology companies, Infosys, , L&T Infotech, and rose as much as 5% in Friday’s trade. was among the top gainers as the stock rallied … Read more
New Delhi: After a sharp beatdown over the past few weeks, IT stocks emerged as the best performers, rising up to 18 per cent in the last five sessions from the close on the first Friday of August 2022. IT stocks in the recent weeks have remained under pressure lately, with stocks eroding up to … Read more
The market capitalisation of BSE-listed firms reached a fresh all-time high of Rs 283 lakh crore on Friday as equities continued to rally for the second straight session. The 30-share BSE Sensex climbed 104.92 points or 0.18 per cent to settle at 59,793.14 after hitting the 60,000-mark in intra-day trade. The market capitalisation of BSE-listed … Read more
The Indian market recouped some losses on Monday but still fell over 1 per cent. The S&P BSE Sensex plunged more than 800 points, while the Nifty50 managed to hold on to 17,300 levels. Sectorally, selling was seen in IT, banks, metals, finance, and public sector stocks, while buying was visible in FMCG and Oil … Read more
Technical analysts expect the market to extend its decline this week. The Nifty is likely to touch the 17,600 level, and in case of further weakness, the index is expected to fall below the 17,200. Traders must buy stocks such as , , and Thermax; and sell , , BoB, and , analysts said. NAGARAJ … Read more
Synopsis Most of the revenues of the Indian IT sector comes from the US, followed by Europe. Hence, we will analyse the impact of the currency on the results of the top 4 IT companies based on market capitalisation — Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCL Tech) and Wipro — both on the … Read more
TCS has been able to transform itself into an IT services behemoth over the years. It has now set an ambitious goal on the revenue front. How is the company placed to handle the challenges that come with this?The 2022 Annual Report of TCS has a message from the CEO’s desk that the software major’s … Read more