Page 5 - Nifty It Index
Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track
Technical outlook on NSE Nifty sectoral indices: Here's how the key sectoral indices are placed on the technical charts as the NSE Nifty 50 reaches within striking distance of the 25,000 landmark.
 "Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track")
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%")
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%")
Should investors book profits in Nifty IT, Auto? Check key levels here
The Nifty IT Index is poised for a correction in the near term, as technical indicators signal an overbought condition
 "Should investors book profits in Nifty IT, Auto? Check key levels here")
Sell Nifty IT on the rise; resistance at 38,350, check other details here
The Nifty IT Index is currently trading at 37,314.35. In the near term, the index appears to be range-bound, with the defined range between 37,525 and 37,050
 "Sell Nifty IT on the rise; resistance at 38,350, check other details here")
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")
Persistent Systems shares jump 5% on Rs 10 dividend announcement
The surge in share price came on the back of a divided announcement, coupled with Accenture's Q3 performance, which met street expectations
 "Persistent Systems shares jump 5% on Rs 10 dividend announcement")
How to trade IT stocks amid Nasdaq fall, rupee levels, Accenture results?
Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.
 "How to trade IT stocks amid Nasdaq fall, rupee levels, Accenture results?")
Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21
As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close
 "Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21")
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
 "IT index records sharpest intraday rally in over 4 months; up 9% in 3 days")
Nifty IT rangebound, FMCG bullish in near term: Here's how to trade
The Nifty FMCG Index is showing a bullish trend on the charts, with the potential for a fresh bullish breakout if it closes above 55,500
 "Nifty IT rangebound, FMCG bullish in near term: Here's how to trade")
Lok Sabha elections outcome: This sector has gained every time since 2004
Unlike other general election years, analysts expect the Nifty IT index to underperform the markets in the near-term amid muted demand environment and client caution around discretionary spends
 "Lok Sabha elections outcome: This sector has gained every time since 2004")
HCLTech Q4 preview: Here's what brokerages expect from IT major
Key factors, analysts believe, would be deal pipeline, pricing scenario, and outlook on growth, operating margins and products and platforms (P&P) business
 "HCLTech Q4 preview: Here's what brokerages expect from IT major")
These 2 sectoral indices are showing weak bias on charts; check key levels
According to Ravi Nathani, an independent technical analyst, the best trading strategy for Nifty Auto and the Nifty Energy indices seem to be 'sell on rise'.
 "These 2 sectoral indices are showing weak bias on charts; check key levels")
Nifty IT index likely to rebound, Nifty Auto may weaken; suggest charts
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is quoting close to its support range of 33,400 - 33,300, with key momentum oscillators in oversold zone.
 "Nifty IT index likely to rebound, Nifty Auto may weaken; suggest charts")
Nifty IT, Auto indices present divergent trading opportunites, show charts
According to Ravi Nathani, an independent technical analyst, one can consider to buy the Nifty IT index on dips, whereas the Auto index can be short closer to the key resistance level.
Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25
The broader indices, the Nifty MidCap and SmallCap need to sustain above 48,000 and 7,100 levels, in order to reverse the recent negative sentiment at the counters, suggests technical charts.
 "Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25")
IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall
FY25 outlook muted for the sector, say analysts
 "IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall")
