It Index
Stock Market Today: How to trade Nifty IT index post Accenture results?
Stock Market Today: The Nifty IT Index is facing mixed sentiments post the recent Accenture earnings, which might uplift IT stocks temporarily. However, a closer look at the charts suggests caution
 "Stock Market Today: How to trade Nifty IT index post Accenture results?")
Nifty IT index slips over 2%; Infosys, LTIMindtree, LTTS down up to 5%
For the Indian IT services sector, which derives over 60 per cent of its revenues from the US, the Fed's cautious stance has mixed implications
 "Nifty IT index slips over 2%; Infosys, LTIMindtree, LTTS down up to 5%")
Nifty IT index hits record high on December 10: Here's what drove the rally
By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30
 "Nifty IT index hits record high on December 10: Here's what drove the rally")
Persistent Systems shares jump 5% on Rs 10 dividend announcement
The surge in share price came on the back of a divided announcement, coupled with Accenture's Q3 performance, which met street expectations
 "Persistent Systems shares jump 5% on Rs 10 dividend announcement")
Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21
As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close
 "Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21")
IT sector may be ripe for cherry picking; analysts more positive on Infosys
Investors though should be selective; analysts more positive on Infosys and Persistent Systems
 "IT sector may be ripe for cherry picking; analysts more positive on Infosys")
IT stocks plummet as Nomura and JP Morgan raise growth concerns
BSE IT index drops 3.2%; Midcaps see deeper cuts
 "IT stocks plummet as Nomura and JP Morgan raise growth concerns")
BSE IT index sheds 4.76% in biggest single-day drop in nearly two years
Infy's weak numbers triggers selloff in other IT shares
 "BSE IT index sheds 4.76% in biggest single-day drop in nearly two years")
Nifty50 breaches 18,000-mark for the first time; IT disappoints
The Sensex rose 77 points, or 0.13 per cent, to close at a fresh lifetime high of 60,136
 "Nifty50 breaches 18,000-mark for the first time; IT disappoints")
IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs
The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note
 "IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs")
HCL Tech surprises street with strong revenue outlook, robust deal book
Demand to improve as IT spending is expected to increase across sectors
 "HCL Tech surprises street with strong revenue outlook, robust deal book")
Tech Mahindra surges over 5% after securing multi-year deal with AT&T
With this deal, TechM will assume management of many of the applications which support AT&T's network and shared systems.
 "Tech Mahindra surges over 5% after securing multi-year deal with AT&T")
IT rally may pause after recent run-up, investors need to analyse bottom-up
A bottom-up bet on stocks of companies proactive in digital and other new technology areas could still pay off
 "IT rally may pause after recent run-up, investors need to analyse bottom-up")
IT index may underperform broader markets
The IT index has traditionally been a good hedge when the broad market goes bearish
