Page 31 - Latest Updates on What next for stocks of IT firms

IT stocks rally post encouraging Q3 results by Accenture; Infosys jumps 7%

The S&P BSE Information Technology index ended over 5 per cent higher at 15,125 levels.

IT stocks: Street shrugs off Trump's extension of ban on H1-B visas

Work-from-home and increased local hiring should help mitigate its impact

IT stocks muted as US may announce foreign workers' visa restrictions today

"We're going to be announcing something tomorrow or the next day on the visas," Donald Trump said on Saturday.

IT stocks: Investors should wait till clarity on growth, margin emerges

Fewer deals wins, delay in ramping up of existing deals and likely price cuts are key worries expected on the back of subdued demand, thanks to the disruption in the global economy

Growth, margin uncertainty likely to impair recovery in IT stocks

Scaling up of new deals and lowering costs are imperative for the up to 33 per cent gains in share prices to sustain

Market Wrap, May 14: Here's all that happened in the markets today

Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels

IT stocks slide after Wipro's weak Q4 show; TCS slips 2% ahead of results

Infosys was trading nearly 4 per cent lower at Rs 614.75 while Tech Mahindra was down over 3 per cent

Nifty IT index tumbles over 5%; Tech Mahindra, NIIT Tech among top losers

In the past one week, shares of most IT companies have slipped amid rapid spread of coronavirus. Tata Elxsi, Mindtree, HCL Technologies, and Wipro have plunged in the range of 6-8 per cent.

Indian IT, telecom safe-haven bets amid coronavirus scare: BNP Paribas

Among the Asian economies, the ensuing decline in trade and tourism could impact Thailand, Singapore, Malaysia and Korea the most - in that order, and Indonesia and India the least

Budget day trading: IT resilience continues as stocks gain over 1%

The other factor which aided gains in IT stocks was the "defensive" nature of the sector.

Stocks of IT companies among the top-performing defensive sectors

In the last three months, the IT index has delivered returns of 11.44 per cent, whereas the Nifty Pharma has delivered returns of 7.3 per cent

IT stocks gain on weak Rupee; TCS, NIIT Tech climb 3%

The Nifty IT index was trading 1.84 per cent higher as compared 0.3 per cent dip in the benchmark Nifty50 index

Cyient, TCS slip over 0.5% amid report Boeing 737 Max crisis to hit IT cos

According to the report, firms such as TCS, HCL Tech, Infosys, Cyient, and L&T Technology Services have direct exposure to Boeing or its suppliers' ecosystem

IT stocks slip; TCS, Wipro fall over 1% as rupee hits one-month high

For the recently-concluded September quarter, large-cap IT services firms delivered a mixed performance.

IT stocks tumble; Nifty IT index falls over 2%, Infosys plunges 4%

The brokerage, as per reports, noted that the IT sector, as a whole, will face cyclical hiccup ahead and the current valuation of the sector is at premium to historical average.

Infosys slips 3% on closure of share buyback, recovery in rupee

In the calendar year 2019, Infosys has outperformed the market by surging 22 per cent as compared to a 4 per cent rise in the Sensex and 12 per cent gain in the S&P BSE Information Technology index.

Analysts bullish on mid-cap IT stocks as valuations turn attractive

They also remain optimistic on the road ahead for the IT sector given the sharp fall in rupee's value against the US dollar.

Infosys, TCS, Wipro: Trading strategies for IT stocks post their Q2 results

Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.

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.

Is Infosys a good bet post Rs 8260-crore buyback? Here's what charts say

The stock has absorbed all the selling pressure in the range of Rs 760 - Rs 770 and is ready for a fresh upside. Although it witnessed mild selling above Rs 800, the overall trends still looks bullish