The Indian benchmark indices started the session sharply lower, dragged down by massive losses in IT sector stocks. BSE Information Technology was the worst-performing sector, with losses of around 3.8%, while shares of Infosys tumbled more than 7%. BSE Capital Goods impressed investors with gains of more than 1%, led by a strong rally in …
On last trading session of the week, Nifty opened gap up but bulls were unable to hold this gap and lost all gains as it slipped below the closing of the last trading session. Somehow, it recovered from lower levels and in this recovery, IT sector stocks participated the most as it witnessed strong buying …
In the broader context, the current macroeconomic landscape in India is witnessing a delicate balancing act. The government’s focus on infrastructure development, coupled with ongoing economic reforms, strives to bolster growth. However, challenges such as inflationary pressures and global economic uncertainties require prudent navigation. As India continues on its growth trajectory, a multifaceted approach, incorporating …
When it comes to discussing the Indian IT sector, two prominent names repeatedly emerge those are Tata Consultancy Services Ltd (TCS) and Infosys Ltd. These companies not only dominate the market capitalization charts but also boast remarkable financial records over the past decade. As leading IT giants in India, they have played a pivotal role …
Wipro is going to report its earnings for the first time under the new CEO, Srinivas Pallia after the resignation of Theirry Deaporte, The company is expected to report muted earnings for this quarter according to analysts. What is the Market Expecting? According to the latest poll of CNBC-TV18, Wipro Ltd. is likely to give …
As the leaves change and autumn sets in, India’s IT giants have revealed their financial performance for the September 2023 quarter. In this blog post, we’ll take you through the latest earnings reports and explore the key takeaways from their financials. Join us as we dive into the numbers and uncover the intriguing stories behind …
The IT sector holds immense importance in the Indian industry and plays a vital role in generating export revenue for the country. It is not only one of the largest contributors to India’s GDP, accounting for around 7.7%, but it is also projected to increase its contribution to about 10% by the year 2025. Moreover, …
The markets were largely disappointed by the 10% fall in net profits reported by TCS. Revenues for the first quarter were flat as was expected. The immediate reaction in the press and among the media was to blame the company and the recent management shift for the disappointment on the quarterly performance front. But a …
We often see that two persons with the same educational qualifications and intellectual pedigree differ vastly in their investment performance. There are people who can never get their equity investments to delivery above average returns. On the other hand, there are investors who seem to have the Midas-touch each time they enter stock markets. Is …
India has always been traditionally known for its large-scale hiring in the IT sector, but the picture doesn’t seem the same anymore. Now, the IT companies reflect a focus on quality over quantity. The country’s top IT sector companies like Wipro, Infosys and Tata Consultancy Services (TCS) recently announced their quarterly results and reported a …
