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Source: Live Mint Even though the December quarter (Q3FY25) earnings of domestic IT majors TCS, Infosys, HCL Tech, and Wipro were mixed, they did not bring many disappointments. This has raised hopes that the worst may be behind for the IT sector. While it might be too early to draw definitive conclusions, experts remain largely…
Source: Live Mint Stock market today: India’s main stock indices dropped on Friday, primarily due to declines in IT giant Infosys and private lender Axis Bank following their quarterly earnings reports. Conversely, Reliance Industries Ltd surged almost 5% after announcing a 7.4% increase in net profit for the December quarter. The leading stock rose 4.44…
Source: Live Mint IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore Read Full Article
Source: Live Mint The combined market capitalization of five of the top-10 most-valued companies fell by ₹1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed…
Source: Live Mint The third quarter earnings season kicked off last week with Tata Consultancy Services (TCS) announcing its Q3 results on January 9. Investors are expected to closely monitor the earnings reports for the December quarter (Q3FY25) that will be released next week, with over 60 companies set to announce their results between January…
Source: Live Mint The combined market capitalisation of four of the top 10 most valuable companies declined by ₹96,605.66 crore last week, with HDFC Bank experiencing the sharpest loss. Among the top firms, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, and State Bank of India saw their valuations decrease, while Reliance Industries, Bharti Airtel,…
Source: Live Mint Outlook 2025: Most IT stocks look set to end the calendar year 2024 (CY24) with solid gains. Their sectoral index, Nifty IT, has significantly outperformed the equity benchmark Nifty 50. Over the last year, the Nifty IT index has gained nearly 23 per cent compared to an 11 per cent gain in…
Source: Live Mint Global brokerage firm Jefferies is cautious about the Indian stock market as it projects a nearly 10 per cent rise in the Nifty 50 benchmark by the end of 2025, setting a December-end target of 26,000. The index hit an all-time high of 26,277.35 on September 27 this year. Jefferies highlighted that…
Source: Live Mint The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing…
Source: Live Mint The declining value of the rupee against the US dollar presents a mixed impact on various industries. Some sectors are facing challenges, while others, particularly software exporters, are optimistic about potential benefits in the future. A significant portion of Indian IT services companies’ revenue comes from overseas contracts, particularly in North America….
