Mumbai: Information technology shares notched up gains in a weak market on Friday after Accenture raised its revenue guidance for FY25. Early gains, however, fizzled out at close as investors cut their bets on expectation that the upside could be capped in the near-term. HCL Tech and Coforge gained 1.4% and 1.2%, respectively. Mphasis, Persistent … Read more
“One is that the companies which are high growth or where people are more confident about the growth, though the valuations may be on a higher side, I think those stories will continue to participate,” says Hemang Jani, Independent Market Expert. Now that the rate cut cycle has officially begun, what do you think are … Read more
“So, if we just have to come down to a number on Nifty, then yes 25,100 will now be that number that I will be watching out for on the downside as an important support and till this zone is held. Upside up to 25,430, 25,500 cannot be ruled out in the next few sessions,” … Read more
Domestic markets continued their record-breaking run even in the month of August, but the gains were steady with Sensex gaining close to 1%. The rally was also broad-based with the smallcaps outperforming the benchmark as the BSE smallcap index was up around 1.25% during the month. This was reflected in the gains of the broader … Read more
Amid mixed global cues, Indian equity indices Sensex and Nifty opened slightly higher on Wednesday, driven by gains in auto and energy stocks. The BSE Sensex was up 89 points, or 0.11%, at 81,799, while the Nifty50 rose 19 points, or 0.08%, to 25,036—just 42 points shy of its all-time high—around 9:22 am. From the … Read more
Domestic markets kicked off the week on a positive note, driven by a dovish stance from the US Fed. In today’s trade, shares of Ultratech, Paytm, HCL Tech, Gland Pharma, GPT Infra will be in focus due to various news developments. Sameera Agro And InfraSameera Agro And Infra’s board of directors on Monday approved the … Read more
Indian Railway Finance Corporation Share Price 181.44 04:11 PM | 22 Aug 2024 0.91(0.51%) One97 Communications Share Price 553.7 04:11 PM | 22 Aug 2024 -20.35(-3.55%) YES Bank Share Price 24.58 04:02 PM | 22 Aug 2024 0.13(0.54%) ITC Share Price 504.55 04:02 PM | 22 Aug 2024 -0.85(-0.17%) HDFC Bank Share Price 1631.3 04:02 … Read more
Having outperformed the broader Nifty 50 index in the last one year, the Nifty IT index rallied 8.5% in the last 7 consecutive sessions to reach its new peak at 41,7746.55 in Tuesday’s session. The Nifty IT Index has surged 32% last year, with the recent outperformance driven largely by a healthy first quarter, especially … Read more
Benchmark indices ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. In today’s trade, shares of IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure among others will be in focus due to various news developments. IndusInd Bank IndusInd Bank has … Read more
Nifty saw a sharp bounceback last week after holding its 40-day average of 24,150. Technical analysts expect the positive momentum to continue, with the index likely to cross the 25,000-mark soon. Stocks such as Vedanta, Hindustan Copper, JSW Steel, HUL, ITC, Canara Bank, ICICI Bank, M&M and Bajaj Auto have formed bullish setups on charts, … Read more
