Equity indices bounced back from early lows to close higher on Wednesday. The 30-share Sensex climbed 267 points to close at 71,822 points and the broader Nifty also gained 96 points to end the day at 21,840 points. Stocks that were in focus include names like RIL, which rose 1.14%, Adani Green, which jumped 2.11%, … Read more
Shares of Tata Consultancy Services (TCS) rallied over 4% to hit an all-time high at Rs 4,135.9 in Tuesday’s trade on BSE. Meanwhile, the IT major also crossed Rs 15 lakh crore of market cap for the first time in today’s trade. The rally in the stock came after the firm on Monday said that … Read more
Traders must be cautious while being aggressively bullish on the market this week after the recent swings, said technical analysts. NTPC, Tata Power, TCS, Infosys, Dr Reddy’s, Maruti, Siemens, AB Capital, Exide, Coal India, and BSE could continue to witness strong buying interest, according to technical analysts. SUDEEP SHAH HEAD – TECHNICAL AND DERIVATIVE RESEARCH, … Read more
After a decent set of results from IT heavyweights TCS, Infosys and HCL Tech, investors are eagerly awaiting the quarterly numbers from Tech Mahindra, which will report its earnings today. However, the expectations from the company seem to be modest for the third quarter.Tech Mahindra may report sequential decline in overall revenue and constant currency … Read more
Bharat Petroleum Corporation. Share Price 472.85 03:59 PM | 16 Jan 2024 12.91(2.81%) Tata Steel. Share Price 137.25 03:59 PM | 16 Jan 2024 2.35(1.75%) Titan Company. Share Price 3820.30 03:59 PM | 16 Jan 2024 61.46(1.64%) ITC. Share Price 472.30 03:59 PM | 16 Jan 2024 4.70(1.01%) Maruti Suzuki India. Share Price 10183.55 03:59 … Read more
Still, timing of a buyback, regardless of the size, is key, as the response hinges on the timing of the exercise. Synopsis Data sourced from Prime Database reveals that 48 companies spent ₹48,079 crore on buying back their stocks in 2023 – a year when the benchmark Nifty 50 appreciated over 20%. This is second … Read more
Mumbai: Indian stocks rose to fresh all-time closing levels on Friday led by a surge in information technology shares as investors judged the third-quarter earnings of sector leaders-TCS and Infosys-weren’t as adverse as expected. The optimism inspired markets to overlook the escalating tensions in the Red Sea, which caused a jump in oil prices to … Read more
Shares of Tata Consultancy Services (TCS) jumped over 3% to the day’s high of Rs 3,860.25 on the NSE after the brokerages remained upbeat on IT bellwether following its Q3 results wherein it beat revenue expectations even as the bottomline trailed Street view. Morgan Stanley upgraded the stock to Overweight while raising its price target … Read more
Shares of IT major Infosys on Friday rallied up to 6.7% to the day’s high at Rs 1,594 on BSE as it reported decent results after back-to-back disappointments in recent quarters. Investors are betting that Q3 was the bottom for the earnings downgrade cycle for Infosys and the sector as the US macro becomes favourable … Read more
After IT bellwether Tata Consultancy Services (TCS) and Infosys started the earnings season on Thursday, 18 companies will be announcing their December quarter results today. Street will be having its eyes fixed on results of HCL Technologies and Wipro. The other important results that will be tracked today include those from HDFC Life Insurance Company, … Read more
