HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today
Ambuja Cement, Nestle India and Veritas to announce December quarter results today.
Companies must put efforts to innovate and reinvent their approach while focusing on becoming more efficient, sustainable, and responsible in this decade of technology, says Thierry Delaporte.
ABB is a leading global technology company that energises the transformation of society and industry to achieve a more productive, sustainable future
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)
Excessive volatility is likely to continue for a few more days until clarity emerges from the crucial US Fed meeting. The market is discounting a hawkish Fed, analysts said
Stocks breaching 200-DMA may see aggravated selling pressure in coming sessions.
Upsides for Wipro is least among the three IT majors
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100
IT services EBIT margin declined 60 bps QoQ to 17.1 per cent vs. 17.7 per cent last quarter.
The three IT majors - Infosys, TCS and Wipro shall react to the Q3 earnings reported on Wednesday after market hours this morning.
Budget wish list: Citizens seek jobs, support for small biz and lower tax. More in today's top headlines
Revenue for the quarter at Rs 20,311 crore was up 29.6 per cent YoY and and 3.3 per cent sequentially
Wipro on Wednesday said it expects to hire about 30,000 freshers in FY23, as the IT services major strives to ensure that supply is not a constraint in managing the robust demand environment
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
The three IT majors are scheduled to report Q3 earnings on Wednesday.
The third quarter is generally a low season for Indian IT companies due to furloughs in its markets. What factors will guide the markets today and how should you trade Voda Idea? This report answers
Brokerage firm Jefferies sees EBIT margins of the company declining by 70 basis points to 16.6 per cent from the previous quarter, on the back of salary hikes.
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.