Page 6 - Nifty It Index
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")
CLSA downgrades TCS, HCLT; Nifty IT sheds 5% from 52-week high in February
The Nifty IT index was the leading sectoral loser in Tuesday's trade, down nearly 2 per cent at its intra-day low of 36,613. With this, the index has shed 5 per cent from its 52-week high of 38,560
 "CLSA downgrades TCS, HCLT; Nifty IT sheds 5% from 52-week high in February")
Nifty Private Bank, IT: Here's how to trade these two range-bound indices
The Nifty Private Bank Index in seen trading in a range of 23,165 - 23,690, and the IT index in the 37,200 - 38,56 range, says Ravi Nathani, an independent technical analyst.
 "Nifty Private Bank, IT: Here's how to trade these two range-bound indices")
Nifty IT: 37,780 is the make or break level; Bias for Auto turns negative
According to Ravi Nathani, an independent technical analyst, breach of 37,780 on the Nifty IT could trigger a fall to 37,400 and 37,125.
 "Nifty IT: 37,780 is the make or break level; Bias for Auto turns negative")
Nifty IT, Auto: Key levels to watch out for on these two indices
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is likely to face stiff resistance between 38,000 - 38,125.
 "Nifty IT, Auto: Key levels to watch out for on these two indices")
Here's how to plan your trades in Nifty IT, Auto indices
According to Ravi Nathani, an independent technical analyst, the Nifty IT index seems range-bound on charts, while auto in a declining trend.
Nifty IT, Auto Indices: Look bullish on charts, await dips to enter
According to Ravi Nathani, an independent technical analyst, the Nifty IT index may face resistance around 38,380 and 39,360; while hurdle for the Auto index is placed at 20,450.
Nifty Auto, IT indices range-bound on charts; Key levels to watch out for
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen oscillating between 37,930 and 36,136 trading range.