Sensex dips as banking sector struggles, IT firms gain
Indian stock markets experienced mixed fortunes today, with the BSE Sensex closing at a loss of 65,701 and the NSE Nifty dipping to 19,717. The downturn was primarily due to losses in...
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Market valuation of top Indian firms sees mixed results amid global economic shifts
In a week marked by the dynamic interplay of market forces and investor sentiment, India's corporate sector presented a mixed bag in terms of market capitalization. While the BSE benchmark...
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Reliance Industries leads as nine of India's top firms see market value surge
In a week marked by a positive trend in equities and a 0.91% increase in the BSE benchmark, nine of India's top-10 most-valued firms experienced a significant surge in their combined market...
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LIC shifts focus to IT firms and HDFC Bank, reduces stakes in other banks
India's largest institutional investor, Life Insurance Corporation (LIC), has adjusted its portfolio, reflecting a shift towards information technology companies and select banks in Q3 2021....
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Indian stock indices advance following US Federal Reserve's rate decision
Following the US Federal Reserve's decision to hold interest rates steady, India's benchmark stock indices, the S&P BSE Sensex and the NSE Nifty 50, advanced today. The gains were...
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NSE announces special trading session, market closures for November
The National Stock Exchange (NSE) of India has announced weekday closures of the Indian equity markets for Diwali Balipratipada and Gurunanak Jayanti on November 14 and 27. Alongside these...
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Nifty 50 firms post strong Q2 results, led by cyclicals
A total of 29 Nifty 50 companies have reported their Q2FY24 earnings, showcasing a robust 35% increase in consolidated net profit and over 9% rise in gross sales year-over-year (YoY). The...
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Earnings call: Infosys Reports Strong Q2 FY24 Performance; Revises Revenue Growth Guidance
Infosys Limited (NSE: NS:INFY) reported robust performance for the second quarter of FY24, with a sequential growth of 2.3% and a year-on-year increase of 2.5% in constant currency...
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HCL Technologies and Infosys Report Q2 Earnings Growth
HCL Technologies and Infosys (NS:INFY), two of India's leading technology firms, reported substantial earnings growth for the second quarter of the fiscal year 2024 (Q2FY24), which ended...
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Infosys dividend announcement boosts Akshata Murty's wealth
Akshata Murty, a significant shareholder in Infosys (NS:INFY), is poised for a substantial wealth increase as the company announced an Rs 18 ($1 = Rs 83.2) interim dividend per share for...
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Infosys reports Q2 growth amid market fluctuations and Samsung nears milestone in India
In Friday's trading session, the National Stock Exchange (NSE) experienced considerable activity with securities such as Infosys (NS:INFY), HDFC Bank, ITI Ltd, and MMTC being heavily...
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Infosys shares decline after Q2 results; trims FY24 revenue growth projection
Shares of Infosys (NS:INFY), a global leader in next-generation digital services and consulting, faced a significant decline in both U.S. and Indian markets following the company's Q2...
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Infosys slips below Hindustan Unilever in market cap after Q2 guidance cut
Infosys (NS:INFY)' market capitalization fell over 4% on Friday, following a second-quarter guidance cut, causing the IT firm to slip below Hindustan Unilever (LON:ULVR) Ltd (HUL) in...
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Infosys extends Temasek JV, while HCLTech records high bookings
In the midst of the ongoing market fluctuations, notable movements were observed within the technology sector. Infosys (NS:INFY) extended its joint venture with Temasek for an additional...
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Infosys Shares Plunge Despite Robust Q2 Earnings, Cuts Growth Forecast
Shares of Indian IT consultancy Infosys Ltd. (NYSE: NS:INFY) experienced a significant 7.3% drop on Thursday, marking its worst one-day performance, despite reporting a Q2 net income of...
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Infosys ADRS Slide 6% After Revenue Growth Guidance Cut
On Thursday, Infosys (NS:INFY)' American Depository Receipts (ADRs) witnessed a 6% drop following the company's decision to cut its revenue growth guidance. The software giant attributed...
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Infosys Q2 Revenue Exceeds Estimates, Trims FY24 Outlook
Infosys (NS:INFY), the global digital services and consulting leader, reported its Q2 revenues on Thursday, showing robust growth despite an uncertain macro-environment. The company's...
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Accenture holds off on salary hikes for 2023 amid IT sector challenges
Facing a challenging environment in the IT sector, Accenture (NYSE:ACN) has announced it will not offer salary increases in 2023 to its more than 300,000 professionals in India and Sri...
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Reliance Industries, Tata Consumer, Others Expected to Rebound Despite Underperformance
In the wake of an 11% rally in the Nifty index and a surge of around 29% in the Nifty Midcap 100 and Smallcap 250, a range of large-cap stocks that have been underperforming are predicted to...
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Tata Consultancy Services tops BrandZ's 10th edition of most valuable Indian brands
Tata Consultancy Services (NS:TCS) has retained its position as the most valuable brand in India for the second consecutive year, according to the 10th edition of Kantar's BrandZ Top 75...
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Indian bluechip stocks underperform, led by Wipro's 36% downturn
In a challenging period for Indian bluechip stocks, Wipro (NYSE:WIT) led the IT sector's downturn with a significant 36% loss, as noted on Friday. The decline comes amid a broader...
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Infosys and Wipro’s NYSE Adrs Decline Amid Industry-Wide Growth Concerns
The American Depositary Receipts (ADRs) of Indian tech giants Infosys (NS:INFY) and Wipro (NYSE:WIT), listed on the New York Stock Exchange (NYSE), have been experiencing a downward...
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Infosys Shares Decline Despite Overall Market Uptick
In Monday's stock market trading, Infosys (NS:INFY) Ltd.'s shares saw a decrease of 1.42%, closing at 1,474.75 Indian rupees, despite the S&P BSE Sensex Index's marginal rise of 0.02% to...
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Sensex, Nifty End 4-Day Losing Streak With Marginal Gains
Snapping a four-day losing streak, India's benchmark indices Sensex and Nifty closed marginally up on Monday, despite weak global trends and foreign fund outflows impacting investor...
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Indian Stock Market Ends Flat Amid Global Influences and Sectoral Shifts
In Monday's trading, Indian stock markets ended with minimal changes, breaking a four-session losing streak. The BSE Sensex added 14.54 points to close at 66,023.69, while the NSE Nifty50...
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GTBank selects Infosys Finacle for comprehensive digital transformation
Infosys (NS:INFY) Finacle, a wholly-owned subsidiary of Infosys, and Nigeria's Guaranty Trust Bank (GTBank), part of Guaranty Trust Holding Company Plc, announced on Friday their...
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Indian equity indices decline for third day amid global market downturn
Thursday saw India's key equity benchmark indices, the Sensex and Nifty, fall for the third consecutive day, with a nearly 1% drop primarily driven by investors reducing their stakes in...
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HDFC Bank set to receive $600m inflow due to Sensex, FTSE rejig
The scheduled adjustments to Sensex and FTSE on September 15 are expected to lead to significant passive inflows for HDFC Bank, according to Nuvama Institutional Equities. The bank could see...
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Jio Financial exclusion from Nifty could lead to passive inflows for other heavyweights
The exclusion of Jio Financial Services (JFS) from the Nifty index, effective from Thursday, is expected to lead to passive inflows for Nifty heavyweights such as HDFC Bank, Reliance...
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Infosys shares tumble after Indian IT group slashes annual revenue guidance
Investing.com -- US-listed shares in Infosys Ltd. ADR (NYSE:INFY) tumbled in premarket trading Thursday after the Indian IT firm deeply slashed its 2023 revenue forecast, following a...
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Infosys is the worst Nifty 50 daily performer as earnings trail analyst estimates
By Senad Karaahmetovic US-listed shares of Infosys (NYSE:INFY) are indicated to open 6.2% lower Thursday after the Indian company reported a disappointing set of earnings figures. The...
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Indian stocks duck Asia rout, Adani buoyed by strong results
By Ambar Warrick Investing.com -- India’s benchmark stock indexes ducked a rout in their Asian peers on Wednesday, with support coming from stocks linked to conglomerate Adani Group after...
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India shares higher at close of trade; Nifty 50 up 1.43%
Investing.com – India equities were higher at the close on Monday, as gains in the IT, Technology and Metals sectors propelled shares higher. At the close in NSE, the Nifty 50 gained 1.43%...
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India shares lower at close of trade; Nifty 50 down 0.97%
Investing.com – India equities were lower at the close on Tuesday, as losses in the IT, Technology and Metals sectors propelled shares lower. At the close in NSE, the Nifty 50 lost 0.97%,...
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India shares higher at close of trade; Nifty 50 up 0.92%
Investing.com – India equities were higher at the close on Friday, as gains in the Auto, Power and Consumer Durables sectors propelled shares higher. At the close in NSE, the Nifty 50...
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India shares lower at close of trade; Nifty 50 down 0.25%
Investing.com – India equities were lower at the close on Wednesday, as losses in the Power, Oil & Gas and Metals sectors propelled shares lower. At the close in NSE, the Nifty 50 lost...
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India shares lower at close of trade; Nifty 50 down 0.26%
Investing.com – India equities were lower at the close on Friday, as losses in the Power, Auto and Consumer Durables sectors propelled shares lower. At the close in NSE, the Nifty 50...
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India shares lower at close of trade; Nifty 50 down 2.65%
Investing.com – India equities were lower at the close on Thursday, as losses in the IT, Technology and Metals sectors propelled shares lower. At the close in NSE, the Nifty 50 lost 2.65%,...
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India shares lower at close of trade; Nifty 50 down 0.67%
Investing.com – India equities were lower at the close on Monday, as losses in the Power, Oil & Gas and Metals sectors propelled shares lower. At the close in NSE, the Nifty 50 lost 0.67%...
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India shares higher at close of trade; Nifty 50 up 0.03%
Investing.com – India equities were higher at the close on Thursday, as gains in the Power, IT and Technology sectors propelled shares higher. At the close in NSE, the Nifty 50 rose 0.03%,...
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India shares lower at close of trade; Nifty 50 down 1.25%
Investing.com – India equities were lower at the close on Tuesday, as losses in the IT, Fast Moving Consumer Goods and Technology sectors propelled shares lower. At the close in NSE, the...
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India shares lower at close of trade; Nifty 50 down 1.73%
Investing.com – India equities were lower at the close on Monday, as losses in the IT, Technology and Banking sectors propelled shares lower. At the close in NSE, the Nifty 50 declined...
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