Latest news with #NiftyITindex
Business Standard
a day ago
- Business
- Business Standard
Mphasis Ltd rises for third straight session
Mphasis Ltd is quoting at Rs 2531.1, up 1.11% on the day as on 12:49 IST on the NSE. The stock is up 3.89% in last one year as compared to a 8.73% jump in NIFTY and a 9.46% jump in the Nifty IT index. Mphasis Ltd is up for a third straight session today. The stock is quoting at Rs 2531.1, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.79% on the day, quoting at 24814.25. The Sensex is at 81614.89, up 0.76%. Mphasis Ltd has gained around 7.35% in last one month. Meanwhile, Nifty IT index of which Mphasis Ltd is a constituent, has gained around 3.83% in last one month and is currently quoting at 36938.1, up 0.82% on the day. The volume in the stock stood at 2.35 lakh shares today, compared to the daily average of 5.32 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2541.7, up 1.15% on the day. Mphasis Ltd is up 3.89% in last one year as compared to a 8.73% jump in NIFTY and a 9.46% jump in the Nifty IT index. The PE of the stock is 31.04 based on TTM earnings ending March 25.
Economic Times
3 days ago
- Business
- Economic Times
NFO Alert: DSP Mutual Fund launches index funds on IT and Healthcare sectors
The IT and healthcare sectors benefit from diversified global revenues, which reduce their dependence on domestic economic cycles. DSP Mutual Fund has launched two new index funds — the DSP Nifty IT Index Fund and the DSP Nifty Healthcare Index Fund. These offerings provide investors a strategic avenue to gain exposure to the IT and healthcare sectors, both known for their relative resilience in volatile equity markets. The new fund offer, or NFO, for both funds, is open for subscription and will close on June 16. The DSP Nifty IT Index Fund aims to replicate/track the Nifty IT Index and would be investing in the top 10 IT companies by free float market capitalisation. The Indian IT sector has demonstrated smooth earnings growth with relatively low earnings variability, which has helped to reduce earnings surprises. Over the last 12 years, the Nifty IT index has delivered consistent earnings growth, outperforming many other sectors. While the IT sector has underperformed the broader market in recent years, historical cycles suggest potential for a turnaround, making this an opportune moment for investors to consider sector-focused exposure. Also Read | NFO Insight: Nippon Income Plus Arbitrage Active FoF opens. Is it time to add this emerging category to your portfolio? The DSP Nifty Healthcare Index Fund aims to replicate or track the Nifty Healthcare Index, investing in the top 20 healthcare companies based on free-float market capitalisation. Notably, India's healthcare sector accounts for a relatively small share of the country's total market capitalisation compared to developed and emerging markets. This indicates significant growth potential, supported by expanding healthcare infrastructure, rising insurance penetration, and ongoing medical innovation. "The launch of the DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund offers investors a balanced approach to participate in sectors that combine growth with resilience. In uncertain market environments, defensive sectors like IT and healthcare have seen lower drawdowns, with the potential to deliver attractive returns,' said Anil Ghelani, CFA, Head of Passive Investments & Products at DSP Mutual Fund.'By strategically including low-beta sectors such as Information Technology and Healthcare, investors can construct a more resilient and efficient portfolio, which may help them optimise returns and effectively manage market risk. Defensive sectors are currently underrepresented in broader indices, and history shows that when underweight, sectors like IT and Healthcare tend to outperform the market over the following year. Our disciplined passive management approach aims to closely track these sectors, helping investors capture structural growth with lower volatility,' said Gurjeet Kalra, Business Head – Passive Funds, DSP Mutual Read | Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund Defensive sectors such as Information Technology (IT) and Healthcare have historically exhibited low beta relative to the broader equity market, meaning they are less affected by market downturns, economic crises, or geopolitical events. For instance, during the Global Financial Crisis (Jan – Oct 2008) and the Covid-19 pandemic (Jan – March 2020), Nifty Healthcare and Nifty IT indices outperformed the broader Nifty 500 Index by experiencing lower drawdowns and quicker sectors benefit from diversified global revenues, which reduce their dependence on domestic economic cycles. To put this in context of numbers, ~ 96% of total revenues for the companies in the Nifty IT Index come from various global markets other than India. Notably, 52% of the total revenues for companies in the Nifty Healthcare Index are derived from global markets, compared to just 25% for companies in the Nifty 50 Index.
Business Standard
02-05-2025
- Business
- Business Standard
Infosys Ltd up for fifth session
Infosys Ltd is quoting at Rs 1504.9, up 0.32% on the day as on 12:44 IST on the NSE. The stock is up 6.26% in last one year as compared to a 8.04% gain in NIFTY and a 8.75% gain in the Nifty IT. Infosys Ltd gained for a fifth straight session today. The stock is quoting at Rs 1504.9, up 0.32% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 24283.3. The Sensex is at 80378.78, up 0.17%. Infosys Ltd has risen around 0.56% in last one month. Meanwhile, Nifty IT index of which Infosys Ltd is a constituent, has risen around 2.97% in last one month and is currently quoting at 35794.95, down 0.02% on the day. The volume in the stock stood at 60.87 lakh shares today, compared to the daily average of 109.07 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1510.4, up 0.39% on the day. Infosys Ltd is up 6.26% in last one year as compared to a 8.04% gain in NIFTY and a 8.75% gain in the Nifty IT index. The PE of the stock is 24.35 based on TTM earnings ending March 25.
Yahoo
24-04-2025
- Business
- Yahoo
India's HCLTech jumps on strong revenue growth outlook
(Reuters) -Shares of HCLTech jumped 8% on Wednesday after India's third-largest IT firm delivered a strong revenue growth forecast, standing out in a sector weighed down by cautious outlooks from bigger rivals. India's $283 billion IT sector is staring at a potential slowdown as U.S. President Donald Trump's tariff policy threatens to hurt growth in the United States, the biggest market for the tech companies. Companies like Infosys and Wipro have forecast a weak year ahead, saying retail and manufacturing clients will be more exposed to tariff-related impact. HCLTech, in contrast, forecast revenue growth of 2% to 5% for fiscal 2026, while analysts, on average, were expecting a rise of 0-2% as per LSEG data. Estimates were revised down from projections of a growth of 3%-5% after larger peer Infosys flagged growth concerns last week. "While putting the fears of a washout FY26 to rest, it implies HCLTech would outperform both TCS and Infosys at the upper of its guidance range," analysts at Motilal Oswal said. Rival Wipro, which only gives quarterly forecast, projected its revenue to fall between 1.5% and 3.5% in the first quarter. Market leader TCS does not give a forecast. The company expects to see "large opportunities" as clients use generative AI and other technologies to reduce costs in the tariff-driven environment, CEO C Vijayakumar said in a post-earnings conference call. "Overall commentary suggests it will continue to deliver leading growth" among the top IT firms, analysts at Dolat Capital said. HCLTech stock was on track for its best day since September 2020, leading gains on the Nifty IT index and the benchmark Nifty 50, which rose 4.4% and 0.2%, respectively. Shares of TCS, Infosys and Wipro were up between 3%-4%. ($1 = 85.2510 Indian rupees) Sign in to access your portfolio
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Business Standard
21-04-2025
- Business
- Business Standard
TCS, Infosys, Wipro: Should you buy IT stocks post Q4FY25 results?
IT majors - Infosys, TCS and Wipro have announced Q4FY25 earnings recently. Analysts believe that the top-run IT companies have disappointed on the earnings front, while signalling caution over the future growth prospects owing to macro uncertainties amid the global trade war. India's largest IT firm - Tata Consultancy Services (TCS) reported a 1.7 per cent year-on-year (YoY) decline in Q4 consolidated net profit at ₹12,224 crore, while its revenue grew by 5 per cent to ₹65,507 crore in the quarter ended March 2025. Infosys posted a 11.7 per cent YoY dip in Q4FY25 net profit at ₹7,033 crore, while its revenue rose by 7.9 per cent YoY to ₹40,925 crore. Wipro's Q4 profit jumped by 25.9 per cent YoY to ₹3,569.6 crore, and revenue increased by 1.3 per cent to ₹22,504.2 crore. Meanwhile, in intra-day trades thus far on Monday, Infosys stock surged over 2 per cent to ₹1,445 levels, and Wipro gained 1 per cent at ₹239. TCS was up 0.4 per cent at ₹3,313 levels. Given this background, here's a technical outlook on the Nifty IT index and three 3 large-cap IT stocks for the likely trend ahead. Nifty IT Index Current Level: 33,990 Upside Potential: 14.2% Support: 33,300; 32,200 Resistance: ₹ 34,360; 35,090; 36,450 The Nifty IT index has rallied over 10 per cent from its recent low of 30,919 hit on April 7. Despite the sharp pullback, the IT index still trades in an oversold zone, hence further up move seems likely. Having said that, the key momentum oscillators both on the daily and weekly chart remain in favour of the bears, hence the up move may be limited. At present, the Nifty IT index is seen attempting to reclaim its 200-Weekly Moving Average (200-WMA) - a key moving average the index has been trading for the last two weeks. The 200-WMA stands at 33,900 levels, and is likely to act as a near-term pivot for the IT index. CLICK HERE FOR THE CHART Sustained trade above the same can potentially trigger a rally towards the 100-WMA, which stands at 36,450 levels; above which the pullback can extend to 38,830 levels. Interim resistance for the index stands at 34,360 and 35,090 levels. On the other hand, in case of a dip, the IT index is likely to seek support around 33,300 and 32,300 levels. Infosys Current Price: ₹1,445 Upside Potential: 17.7% Support: ₹1,410; ₹1,395 Resistance: ₹1,507; ₹1,525; ₹1,579; ₹1,615 Key momentum oscillators have turned favourable for Infosys in the near-term, including the 14-day Relative Strength Index (RSI), which has bounced back from oversold zone. As such, the stock may attempt to recoup some of its losses and bounce back to ₹1,700 levels. Infosys stock thus far shed 34 per cent from its calendar high of ₹1,982 to a low of ₹1,307. Amid the anticipated pullback, Infosys is likely to face resistance around ₹1,507, ₹1,525, ₹1,579 and ₹1,615 levels. On the other hand, in case of a dip, the stock is expected to seek support around ₹1,410 and ₹1,395 levels. CLICK HERE FOR THE CHART TCS Current Price: ₹3,313 Upside Potential: 14.7% Support: ₹3,280; ₹3,200 Resistance: ₹3,440; ₹3,490; ₹3,600 TCS is likely to target ₹3,800 levels as the stock attempts a pullback. Near-term bias for the stock is expected to remain favourable as long as the stock holds above ₹3,280 levels, below which key support for the stock exists at ₹3,200 levels. Intermediate resistance on the upside can be anticipated around ₹3,440, ₹3,490 and ₹3,600 levels, shows the chart. Wipro Current Price: ₹239 Upside Potential: 15.1% Support: ₹237; ₹232 Resistance: ₹242; ₹248; ₹254; ₹260; ₹268 Wipro is trading in an extremely oversold zone, with mixed indications from key momentum oscillators. Technically, the stock needs to cross and sustain above its 200-Weekly Moving Average (200-WMA), which stands at ₹242. Break and sustained trade above the same can trigger a bounce back towards the 200-DMA at ₹275 levels, with interim resistance likely around ₹248, ₹254, ₹260 and ₹268 levels. Support for the stock can be anticipated at ₹237 and ₹232 levels.
