Page 22 - Latest Updates on What next for stocks of IT firms

Sensex snaps 4-session slide amid firm global cues; IT stocks shine

Equity indices eked out modest gains on Thursday after a four-session losing streak, in tandem with an upmove in global markets despite a hawkish tilt by the US Federal Reserve. A rebounding rupee also bolstered sentiment, though unabated selling by foreign institutional investors capped the upside, traders said. After a choppy session, the 30-share BSE Sensex closed 113.11 points or 0.20 per cent higher at 57,901.14. Similarly, the broader NSE Nifty inched up 27 points or 0.16 per cent to 17,248.40. Bajaj Finance led the Sensex gainers' chart with a jump of 2.61 per cent, followed by Infosys, Titan, Reliance Industries, HCL Tech, M&M and Nestle India. In contrast, Maruti, ICICI Bank, Bajaj Auto, Sun Pharma, IndusInd Bank and SBI were among the laggards, slipping up to 1.51 per cent. "Domestic bourses closed flat with a mild positive bias despite an upbeat economic outlook by the US Fed. Domestic weakness was due to FII selling and moderation in retail activity," said Vinod Nair,

Stocks to Watch: RIL, Burger King, PowerGrid, TVS Motor, banks, IT shares

Bank shares may be in focus as RBI proposes to introduce revised norms for banks for setting aside capital for operational risks

Stock of this IT company has zoomed 66% in 6 weeks, hits record high

Expleo Solutions has rallied 15 per cent in intraday trade so far, and hit a new high at Rs 1,746 on the BSE

Domestic push: Retail investors fill FPI vacuum; metal, IT stocks in demand

As per analysts, institutions seem to be on a buying spree for IT, Banks, Capital Goods, and FMCG stocks

TMS Ep54: GDP, Parag Agrawal, IT stocks, primary and secondary market

What do Q2 GDP numbers say about economic recovery? Will Twitter come of age with Parag Agarwal? Is IT sector set to dazzle the markets? What are primary and secondary markets? Find all answers here

TCS, L&T Infotech: IT stocks are best bets amid current uncertainty

Stocks like TCS and LTTS may explore uncharted territories in current market volatility

Sensex falls 109 points on profit booking; Tata Steel down 3%

Benchmark BSE Sensex declined by 109 points on Tuesday due to losses in index major Reliance Industries, Tata Steel and ICICI Bank amid a muted trend in global markets. The 30-share index ended 109.40 points or 0.18 per cent lower at 60,029.06 with 16 of its constituents closing in red. The broader NSE Nifty fell by 40.70 points or 0.23 per cent to 17,888.95 as metal, IT and energy stocks declined. Tata Steel was the top loser in the Sensex pack, shedding around 3 per cent, followed by Tech Mahindra, HCL Tech, IndusInd Bank and Reliance Industries. On the other hand, Maruti, NTPC, Titan, SBI and L&T were among the gainers. Sectorally, BSE metal, energy, basic materials, oil and gas and healthcare indices fell up to 1.93 per cent, while realty, consumer durables and auto index ended with gains. Metal, oil and commodity stocks dragged, fuelled by profit booking while realty, PSU bank and consumer durables made frail attempts at lifting the indices, analysts said. Broader midcap an

Robust indicators and strong global cues lift benchmark indices

All eyes now on US Fed meet this week, say analysts

Q2 results: IT majors poised for gains on Infosys, Wipro guidance

Strong deal wins are likely to keep revenue growth elevated

Sensex, Nifty touch fresh records in volatile session; Titan gains over 5%

HCL Tech, Tech Mahindra, UltraTech Cement, TCS and Sun Pharma were among the laggards

Wipro Q2 preview: Analysts see 25-29% YoY revenue jump; Q3 guidance key

Brokerage Sharekhan pegs Wipro's September quarter revenue at Rs 19,444 crore over Rs 15,114.50 crore posted in the corresponding quarter a year ago

Sensex ends above 60,000; Nifty at 17,853; Metal stocks slide, IT shines

Stock market Live: The Nifty Realty rose nearly 3 per cent, while Nifty IT was up 1.6 per cent

IT stocks rally on Accenture's FY22 guidance; Infosys, Wipro at new highs

The Nifty IT index surged over 2 per cent in early trade on Friday as against a 0.48 per cent rise in the benchmark Nifty50 index

Stocks to watch: Sansera Eng, Vedanta, Dish TV, Dilip Buildcon, IT stocks

Mining giant Vedanta on Thursday said it will delist its American depositary shares and concentrate all trading of its equity shares on the BSE and NSE

FPI flows send IT stocks and valuations soaring this year, shows data

Analysts bullish over near-to-medium term

Wipro, TCS: These IT stocks can soar 15% despite being in 'overbought' zone

While Wipro does show some weakness, the overall trend, so far, has not been dented by the selling pressure

Markets climb to new lifetime highs; RIL, IT stocks lead charge

The Sensex advanced 166.96 points or 0.29 per cent to its new closing record of 58,296.91. It touched an all-time high of 58,515.85 during the session

The best of liquidity is behind us, says Nomura's Saion Mukherjee

Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter

Markets tumble from record highs on profit-booking; IT, metal stocks weigh

The Sensex and Nifty ratcheted up to fresh lifetime highs on Wednesday but failed to hold on to the gains as investors took some money off the table amid concerns over frothy valuations. IT, metal and auto counters bore the brunt of the selling pressure, while FMCG stocks saw brisk demand. After touching a lifetime high of 57,918.71 during the session, the 30-share BSE Sensex pared all gains to end 214.18 points or 0.37 per cent lower at 57,338.21, breaking its four-session winning run. Similarly, the broader NSE Nifty snapped its seven-day record-setting spree, settling 55.95 points or 0.33 per cent lower at 17,076.25. It touched an intra-day record of 17,225.75. Auto stocks were subdued after companies posted muted sales numbers for August. M&M was the top loser among the Sensex constituents, shedding 2.89 per cent, followed by Tata Steel, Bajaj Finserv, TCS, HDFC, Infosys and HCL Tech. On the other hand, Asian Paints, Nestle India, Axis Bank, Dr Reddy's, Titan and L&T were .

From Mindtree to Tech Mahindra, IT tops sectoral charts in August

Mindtree is the top performer among IT firms for the month with returns of 27.2 per cent, followed by Nelco and Tech Mahindra