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Experts suggest investors should expect moderate returns as the market adjusts to global macroeconomic challenges
Stock Market Today: The Nifty IT index, eventually, settled 2.6 per cent lower on the National Stock Exchange (NSE) at 44,954 level. By comparison, the Nifty50 index ended 1.5 per cent down at 23,587
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
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
The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices
At 10:16 AM, with a market cap of Rs 1.01 trillion, Persistent Systems was trading 2 per cent higher at Rs 6,473.05 on the BSE, exchange data showed
Stock Market Today: The best trading strategy at this juncture is to book profits on the rise in Nifty IT index and wait for the index to retrace towards its support levels
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
Pumped money into financial services and IT, while redeeming investments from oil and gas, and auto stocks
IT, auto stocks see steepest fall, 5 Adani group firms settle higher
Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108
The board approved the stock split of equity shares having a face value of Rs 5 each into such a number of shares having a face value of Rs 2 each fully paid up
At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.
The information technology (IT) stocks were in great demand on Wednesday, with Nifty IT index surging 3.56 per cent in intraday deals
Meta Platforms warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday
Firstsource Solutions has rallied 15% to Rs 361.65, with a combined 17.24 million equity shares representing 2.5% of total equity of the company changing hands on the NSE and BSE till 01:32 PM.
Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.
Tanla Platforms revenue for the quarter under review stood at Rs 1,000.7 crore, down 0.78 per cent from Rs 1,008.6 crore
Stock Market Today: Infosys has raised its sales forecast for FY25 to 3.75-4.5 per cent, reflecting a revival in demand, particularly in banking and financial services.
Overall, the sentiment remains cautiously optimistic for Wipro ahead of results, with key focus areas including large-deal pipelines and consulting growth.