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What next for stocks of IT firms
Page 12 - Latest Updates on What next for stocks of IT firms
Cyient stock rallies up to 4% on incorporating wholly owned subsidiary
The rise in the Cyient share price came after the company announced that it has incorporated Cyient Semiconductors Private Limited as a wholly owned subsidiary of the company.
 "Cyient stock rallies up to 4% on incorporating wholly owned subsidiary")
Here's why Nuvama thinks Mphasis will benefit most from Fed rate cut
On the bourses, Mphasis has rallied 26.7 per cent in the last three months, driven by expectations of interest rate cuts in the US and early signs of recovery in the US-BFS sector.
 "Here's why Nuvama thinks Mphasis will benefit most from Fed rate cut")
Nifty IT soars 2% amid positive US job data, rebound in global markets
The rally in IT stocks came on the heels of a major drop in US jobless claims, which fell to 233,000 for the week ending August 3-the largest decline in nearly a year.
 "Nifty IT soars 2% amid positive US job data, rebound in global markets")
FPI buying in Indian IT rises to highest since 2022 in July: NSDL data
Prior to this, the IT sector was divided into software, services and hardware technology
 "FPI buying in Indian IT rises to highest since 2022 in July: NSDL data")
Stocks to watch, July 18: Infosys, RIL, Vi, LTIM, Asian Paints, Paytm
Domestically, foreign institutional investors were net buyers on July 16, acquiring shares worth Rs 1,271.45 crore, whereas domestic institutional investors sold shares worth Rs 529.48 crore.
 "Stocks to watch, July 18: Infosys, RIL, Vi, LTIM, Asian Paints, Paytm")
Stock market holidays: Are NSE, BSE closed on July 17 for Muharram? Update
The equity segment, equity derivative segment, and SLB segment will remain closed for the entire day on July 17.
 "Stock market holidays: Are NSE, BSE closed on July 17 for Muharram? Update")
Sensex up 996 pts, Nifty near 24,600 intraday: Why markets rose on Friday?
Why are stock markets rising: A large part of Friday's rally in Sensex, Nifty50 indices was led by information technology (IT) stocks
 "Sensex up 996 pts, Nifty near 24,600 intraday: Why markets rose on Friday?")
Cyient to set-up subsidiary for semiconductor business; stock rallies 7%
The uptick in stock price came after the company announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary
 "Cyient to set-up subsidiary for semiconductor business; stock rallies 7%")
How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro
IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.
 "How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro")
IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%
IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent
 "IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%")
TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%
Tata Consultancy Services (TCS) is expected to register a single-digit growth in revenue and profit for the April-June quarter of fiscal year 2024-25 (Q1FY25)
 "TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%")
Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results
Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector
 "Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results")
Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs
The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.
 "Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs")
Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts
What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels
 "Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts")
IT index records sharpest intraday rally in over 4 months; up 9% in 3 days
Infosys, Wipro, Coforge, Persistent Systems, Mphasis and LTIMindtree rallied up to 6% on the NSE
RBI's GDP projections, gains in IT stocks help Indian shares trade higher
The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision
 "RBI's GDP projections, gains in IT stocks help Indian shares trade higher")
Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE
The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
 "Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE")
Nvidia impact: Mastek stock zooms 15% on heavy volumes, up 32% in 3 days
The company informed the stock exchange that it has advanced its icxPro platform with NVIDIA AI Enterprise to boost customer experience (CX) solutions powered by AI.
 "Nvidia impact: Mastek stock zooms 15% on heavy volumes, up 32% in 3 days")
Global investors' preference for AI hits India IT stocks' heft as tech bets
Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt
 "Global investors' preference for AI hits India IT stocks' heft as tech bets")
Soft US inflation data pushes markets higher; Sensex gains 677 points
Indices post biggest gains in two weeks
 "Soft US inflation data pushes markets higher; Sensex gains 677 points")