Page 7 - Nifty It

Will IT stocks continue to underperform?

As the US central bank continues to paddle on monetary tightening, will the underperformance of Indian IT shares continue? We find out in this report

Nifty IT tumbles nearly 2% as JPMorgan downgrades IT stocks to 'neutral'

The Nifty IT index dropped 1.8 per cent on Tuesday, extending its two-day slide to nearly 4 per cent

Nifty IT index crashes over 4%; TCS, Infosys, LTI, LTTS plunge up to 6%

Global growth is expected to moderate from 6.1% in 2021 to 3.6% in 2022, driven by withdrawal of monetary accommodation in major economies, continued supply side shortages and economic damage from war

Nifty IT dips 3%; Coforge, LTI fall up to 9%; here's what's worrying Street

According to analysts, IT companies have lost their sheen after March quarter results highlighted slowdown in deal momentum, and margin pressure

Accenture Q2FY22 results and what it means for the Indian IT sector

Accenture's order wins, downward revision in Ebit margin, and the evolving Russia-Ukraine conflict need to be closely watched, said analysts

High attrition, employee cost casts spell on IT stks; buy on dips: Analysts

The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)

BSE IT index surges 12% in 4 weeks; KPIT, Tech Mahindra rally over 25%

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

Despite some slowdown, the outlook for IT firms appears reasonable

Weak rupee, recovery in US, lower valuations and domestic market volatility are tailwinds

TCS Q3 preview: Cloud adoption, large deal wins may lift profit by 8% YoY

TCS board will consider the declaration of a third interim dividend to the equity shareholders

Nifty IT index hits record high; Infosys, HCL Tech, Coforge gain 2%

Digital acceleration, large deal wins, client mining, market share gains and margin improvement remain key long term drivers for IT sector, according to analysts

Joe Biden win, global cues: Factors behind market hitting new high today

The broader market, too, gained in the trade though it underperformed the frontline indices.

Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?

Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.

IT stocks: Double-digit growth required to justify high valuation multiples

Over the last 3 months, the Nifty IT index has gained a whopping 35 per cent, almost 6 times the rise in the Nifty50

Nifty IT index hits record high; Infosys, TCS, HCL Tech gain over 2%

Thus far in the month of July, the Nifty IT index has outperformed the market by surging 19 per cent as against Nifty 50 index which was up 8.25 per cent during the same period

Will the markets be able to hold on to gains? Here's what charts suggest

The rally was mostly due to positive global cues that saw the US markets close firm on Monday on hope of an economic recovery after a successful early-stage trial of a coronavirus vaccine

Market Wrap, March 20: Sensex jumps 1,628 pts, Nifty ends at 8,745

HDFC Bank slipped over 1 per cent to Rs 882 after global brokerage house Bernstein downgraded the stock to 'unerperform' and sharply slashed the target price to Rs 750 from Rs 1,400 earlier

As Q2FY20 results season gets underway, here's how to play the markets

Gains from the corporate tax cut last month, they believe, are likely to be offset by lower sales volume and revenue contraction in key sectors such as automobiles, energy, metals, and mining.

What does tech chart indicate for TCS and Infosys ahead of Q3 nos?

Currently, the 100-DMA is witnessing resistance as the price could not procure follow-up buying.

Nifty IT index recovers from 52-week low; TCS, HCL Tech, Wipro up over 1%

Nifty IT index was up 1.1% as compared to 1.5% decline in the benchmark Nifty50 index at 01:33 pm.