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Delta Corp will be in focus ahead of its Q3 earnings, the stock is also in F&O ban. HCC may come under pressure owing to debt default.
The stock was up 3% at Rs 3,979.90, trading close to its record high level of Rs 3,990 touched on October 8, 2021.
TCS likely to be in limelight ahead of Q3 results, share buyback plan; Airline shares may also be in focus amid slump in demand.
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
In the past three months, TCS (up 2.5 per cent) has underperformed its peers Infosys (up 14 per cent), Wipro (13 per cent) and Tech Mahindra (30 per cent) by a wide margin.
Reliance, Tata Steel decline; NTPC gains 3% on plans to sell stake in newly formed renewable energy arm
IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far
The management had said the company is witnessing a robust demand environment resulting in strong order inflow and pipeline
IT and energy firms drove Indian shares higher, tracking upbeat global risk sentiment in the absence of major domestic triggers
In the past one week, the stock rallied 12 per cent when compared with a 2.8 per cent rise in the S&P BSE Sensex
Shares of Ceinsys Tech were locked in the 20 per cent upper circuit for the second straight day, at Rs 253.25, hitting a record high on the BSE in Friday's trade
Till 09:26 am; around 8.15 million equity shares or 0.30 per cent stake of the company had changed hands on the NSE, the exchange data showed
In the past six trading days, Infosys has gained 7 per cent after Accenture reported strong results for the quarter ended November (Q1FY22) and also gave a strong FY22 outlook
IT stocks dazzle in a weak market on Accenture's stellar earnings show; Govt mulls changes in law to cut govt stake in PSU banks
Accenture reported strong revenue in Q1FY22 and upgraded its annual guidance by a massive 700bps as it continues to gain from demand for Cloud transformation.
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,
Bank shares may be in focus as RBI proposes to introduce revised norms for banks for setting aside capital for operational risks
Expleo Solutions has rallied 15 per cent in intraday trade so far, and hit a new high at Rs 1,746 on the BSE