The FinTech Hub
Source: Live Mint IT stocks today: Domestic information technology (IT) stocks rebounded sharply in Wednesday’s trading session. HCL Tech’s share price ended the day up 7.7% at ₹1,594 apiece, while Wipro’s share price gained 4%, and Infosys’ share price rose 3.7%. All 10 constituents of the Nifty IT index closed in the green, driving the…
Source: Live Mint Indian technology (IT) stocks remained under selling pressure for the second consecutive session on Friday, with the Nifty IT index declining over 3.5%. Significant losses in leading IT stocks such as Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, and Coforge shares contributed to the index reaching its lowest level in nine…
Source: Live Mint Indian stock market: The pain in Indian technology stocks is deepening with each passing day as signs of a slowing U.S. economy—where Indian tech giants have significant revenue exposure—are unsettling investor sentiment, leading to a severe sell-off on Dalal Street. Additionally, diminishing expectations of multiple U.S. Fed rate cuts in 2025, coupled…
Source: Live Mint The Indian information technology (IT) sector has been trying to make a meaningful comeback for a while. The good news is there’s some respite on the horizon at last. The Indian rupee is depreciating against the US dollar and other developed-market currencies, hurt by the ongoing turmoil in global markets. The rupee…
Source: Live Mint Indian markets experienced a volatile session on Thursday, December 12, despite a strong handover from Wall Street, as investors exercised caution ahead of India’s key retail inflation data, scheduled for release later in the day. According to a Mint poll of 16 economists, retail inflation is expected to have eased to 5.5%…
Source: Live Mint The Nifty IT index continued its winning streak for the third consecutive trading session on Tuesday, December 3, rising by 0.5 per cent to close at 43,754. The index recovered 0.75 per cent from its intraday low, with a strong rally in Persistent Systems and HCL Tech helping keep the index in…
Source: Live Mint The Nifty 50 fluctuated widely in November, driven by concerns over stretched valuations, weak performance by Indian Inc in Q2 and persistent selloffs by foreign investors, causing the index to oscillate consistently between gains and losses. The uncertainty was further exacerbated by global economic headwinds, including rising tensions between Russia and Ukraine,…
Source: Live Mint —Donald Trump, The Art of the Deal Some have called it the ‘greatest political comeback of all time’. Others labelled it as the world’s most extreme ‘reality television show’. Donald Trump’s crushing victory in the US presidential elections has elicited a range of responses, from giddy delight to soul-crushing despair. But for…
Source: Live Mint The US Dollar Index, which measures the greenback’s strength against a basket of six major currencies, surged by 1.9% to 105.30 on Wednesday, November 6 to its highest level in almost four months. This rally was driven by early reports suggesting that Republican candidate Donald Trump is edging closer to securing a…
Source: Live Mint MUMBAI : The Nifty IT index rose around 14% in the September quarter, compared to the Nifty50’s 7% returns, reflecting hopes of demand recovery. The US Federal Reserve took a monetary policy pivot, cutting rates by a jumbo 50 basis points (bps) in September. One basis point is 0.01%. This major event…
