Among individual stocks, Tata Motors advanced 13 per cent to Rs 250 today in the intra-day trade, surging 26 per cent in the past two trading sessions
Volatility index, India VIX, surged 8.5 per cent to 22.4 levels
In the past one month, TCS has outperformed the market by surging 15 per cent, as compared to 8 per cent rise in the S&P BSE Sensex
Besides TCS, other winners on the top-10 chart were HDFC Bank, Hindustan Unilever Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel
Firm signals return to double-digit growth next year
The S&P BSE Sensex advanced 1.9% since Monday, completing a 10th consecutive week of gains
On quarter-on-quarter (QoQ) basis, the profit grew 16.4 er cent from Rs 7,475 crore posted for the quarter ended September 2020.
Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results
The broader markets ended in the red for second straight day.
The stock of TCS is sustaining above its important moving averages, and a breakout above the immediate resistance of 2,820 levels might lead stock trade higher
Valuations, however, discount near-term gains on revenue visibility, execution
India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its up to Rs 16,000-crore share buyback programme will commence on December 18 and close on January 1, 2021
Bengaluru's Artpark is building tech solutions to solve problems unique to India
Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry
"Kohli was the true pioneer of Indian IT. We have all followed in his footsteps. His contribution to the IT industry and thus to India is immeasurable," Wipro Chairman Azim Premji said in a statement
Several brokerages are advising their retail clients to buy shares of TCS to benefit from the arbitrage opportunity created by its Rs 16,000-crore share repurchase programme
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment
No cash will change hands and TCS will take on more than 1,500 Pramerica employees.
India's largest IT services firm Tata Consultancy Services (TCS) on Monday said it will acquire 100 per cent shares of Postbank Systems AG (PBS) from Deutsche Bank AG.
Indian IT firms say workplace-independent model, local hiring will help them meet challenge