Key Points
Its shares climbed, along with those of peers including Infosys Ltd., which is scheduled to report today.Agencies..
The rebound in tech shares has put them back on track with the broader rally in Indian stocks as investors target sectors that lagged and are available at cheaper valuations..
The newfound optimism marks a change from just months ago, when Infosys warned about customers in key sectors such as finance pulling back amid fear of recession in the US and Europe, the biggest markets for Indian IT firms..
The selloff in software exporters earlier in the year was due to lower volumes of discretionary projects in the US, but June quarter performance has not been as bad as feared, said Patricia Urbano, a Paris-based fund manager with Edmond de Rothschild. AI could be better for the sector than had been expected, she added.. actually came in slightly below consensus estimates but margins were seen as steady, and the firm announced a $1 billion plan to boost its AI business..
You might be interested in
Wall Street week ahead: Surge in bond yields, China's economic crisis leave US stocks vulnerable
20, Aug, 23Wall Street week ahead: The recent surge in bond yields and uncertainties of China's economic crisis is creating vulnerabilities in the equity market
Stock market to focus on global cues in coming week: Experts
10, Aug, 24Mumbai (Maharashtra) [India], August 10 (ANI): The stock market in the upcoming week will be looking at global happenings such as international market performance, anticipations of recession in the US, and domestic macroeconomic indicators such as IIP, CPI, and WPI inflation data, said market analysts. The market will be closely looking at the conclusion of […]
Wonderful Wednesday! BSE Sensex surges 700 points, Nifty above 20,000; Indian stocks hit $4 trillion market cap for first time
29, Nov, 23India Business News: BSE Sensex on Wednesday saw a second consecutive day of rally and closed at 66,901.91 points for the day, up 727 points in trade. The Nifty 50 also ra
Indian stocks soar as global contagion fear recedes
31, Mar, 23Large caps led Friday’s rally, with support from small and medium caps.
Wall Street awaits 'Santa Rally' with US stocks near records
23, Dec, 23Wall Street is counting on the so-called Santa Claus Rally to bring record highs as markets close out 2023 with strong gains.
A $46 billion rally shows India tech woes easing
20, Jul, 23India Business News: India's IT sector is experiencing a surge in optimism driven by further investment in artificial intelligence (AI) and an improved outlook for the US
Indian shares set to open little changed; earnings awaited
01, Aug, 23Indian shares are set to open little changed on Tuesday after a positive start to the week as investors awaited a slew of quarterly results across sectors.
Sensex Today | Share Market Live Updates : Global peers, Gift Nifty muted; Indian markets to start on a cautious note
14, Mar, 24Sensex Today | Share Market Live Updates : Foreign institutional investors (FIIs) net sold shares worth ₹4,595.06 crore, while domestic institutional investors (DIIs) purchased ₹9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed.
Earnings delivery should continue to be good; this is a multi-year phenomenon for us: Rahul Bhuskute
27, Dec, 23Rahul Bhuskute says: “There have been more upgrades than downgrades and that will continue this year. So, logical solid grounds for the Indian markets to do well. We expect the earnings based underpinning to continue in the next year. So, from that perspective, at least we are in the camp that from the perspective of earnings, the market should see a good outlook even next year.”
Over 30 smallcap stocks gain between 20-70% even as Sensex logs worst week since November; do you own?
27, Jan, 24Domestic equity benchmarks Nifty 50 and Sensex have fallen about 1.3 per cent each over the three sessions in the holiday-truncated week, culminating in a second consecutive week of losses, primarily driven by weakness in the banking sector.