Bank Nifty closed the week at 58,518, up 641 points, and has formed a bullish candle on the weekly chart, signalling a positive bias. After breaking above horizontal resistance at 57,600, the index is consolidating in the 58,600–57,600 band, with a sustained move above 58,600 likely to push it towards 59,000–59,500 and a break below … Read more
Indian equities ended October on a muted note, snapping a four-week winning streak as benchmark indices closed marginally lower amid profit-booking and mixed global cues. The tone remained largely positive and volatile during the first three sessions; however, profit-taking in the latter part of the week erased early gains and dragged the indices to close … Read more
After six consecutive sessions of solid gains, the Nifty paused for breath on Friday, slipping below the 26,000 mark. While some investors see this as a short-term consolidation, market expert CA Rudramurthy BV believes the broader trend remains strong and sector rotation could fuel further upside. “See, we have to understand from 24,600 Nifty has … Read more
Market expert Dipan Mehta from Elixir Equities shared his insights on IT, consumer electronics, insurance, and healthcare sectors, emphasizing selective investment opportunities in an otherwise subdued market environment. On the IT sector, Mehta in an interview to ET Now noted, “It is one of selectivity and we have seen the results so far which have … Read more
Indian IT stocks could be down amid current headwinds, but they are the backbone of the domestic economy, generating millions of jobs, foreign exchange reserves while building a tech ecosystem, Gurmeet Chadha, Managing Partner & CIO at Complete Circle Consultants, said, slamming analysts who in his views are “abusing” top IT companies. He said that … Read more
Consistently increasing quarterly earnings per share (EPS) indicates that a company is improving its profitability over time. This trend suggests strong financial health, effective management strategies, and potential for sustainable growth. In the NSE midcap segment, seven companies have notably improved their EPS, showing increases for four consecutive quarters (till the June ’25 quarter) compared … Read more
Accenture’s better-than-estimated Q3 revenue estimates initially thrilled global tech watchers but economic uncertainty and shifting US policies are squeezing global tech spending and creating concerns for the tech companies and Indian IT stocks, which often follow Accenture’s cues are reflecting this uncertainty, Mayank Jain, Market Analyst, Share.Market says. In his view, Tier-1 giants like TCS … Read more
Information technology stocks tumbled up to 6% on Thursday, dragged lower by Wipro’s disappointing earnings and downbeat revenue outlook for the April-to-June quarter, triggering a broad selloff across the sector. Shares of Wipro plunged 5.7% after the company missed fourth-quarter revenue estimates and warned of a 1.5% to 3.5% decline in revenue for the current … Read more
Infosys shares tumbled close to 6% on Friday as the company’s muted outlook after its third-quarter results prompted investors to cut their bets. “While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock,” said Dharmesh Kant, head of research, Cholamandalam Securities. “Given that Infosys was … Read more
After a period of consolidation, Fortis Ltd has broken out of its range, displaying significant bullish momentum, which indicates that buyers are in control. However, the breakout was met with strong selling pressure at higher levels on the daily scale, resulting in a battle between buyers and sellers—a sign of potential momentum exhaustion. Friday’s candlestick … Read more