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Time of India
11-07-2025
- Business
- Time of India
Indices: Stock market update: Nifty IT index falls 1.78%
The Nifty IT index closed 1.78 per cent down at 37693.25. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads NEW DELHI: The Nifty IT index closed on a negative note on of Tech Mahindra Ltd.(up 0.15 per cent) ended the day as top gainers in the the other hand, Tata Consultancy Services Ltd.(down 3.43 per cent), Wipro Ltd.(down 2.55 per cent), LTIMindtree Ltd.(down 2.15 per cent), Persistent Systems Ltd.(down 1.8 per cent) and Oracle Financial Services Software Ltd.(down 1.61 per cent) finished as the top losers of the Nifty IT index closed 1.78 per cent down at NSE Nifty50 index ended down 205.41 points at 25149.85, while the BSE Sensex stood down 689.81 points at the 50 stocks in the Nifty index, 12 ended in the green, while 38 closed in the of JP Power PC Jeweller and Sagility India were among the most traded shares on the of Glenmark Pharma Cupid Ltd and TN Telecom hit their fresh 52-week highs in today's trade, while Roto Pumps, Jindal Worldwide, Supreme Holdings, TECIL Chemicals and GSS Infotech hit their fresh 52-week lows.
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Business Standard
09-07-2025
- Business
- Business Standard
Bernstein strategists see India earnings upgrades driving stocks momentum
Strategists at Bernstein Societe Generale Group recommended buying Indian stocks with upward earnings revisions to navigate the market's lofty valuations. While they had earlier favored low-volatility and value stocks, the brokerage's strategists said the market has now reached a point where earnings revisions will drive momentum. The NSE Nifty 50 Index has gained more than 15 per cent since a March low, and is trading at more than 21 times its forward earnings, above its 10-year average. 'Our whole thesis on India anchors on improving earnings revision as valuations are already stretched,' Asian quant strategists Rupal Agarwal and Cheng Zhang wrote in a note. 'Earnings revision was the best performing style of 2024, and we have been waiting for the style to become attractive again — we now find ourselves at this juncture.' Bernstein's focus on earnings follows nearly three quarters of subdued corporate results, which had prompted investors to seek safety in defensive corners of the market. Tata Consultancy Services Ltd. is set to kick off the April–June earnings season on Thursday. Bernstein recommends increasing exposure to the technology sector, noting that earnings downgrades there are at 'record low levels' and likely bottoming out. The firm also expects materials, utilities, energy, and communication services to lead the next cycle of earnings upgrade. Since the market's March rally, 'valuation support looks limited and leaves a bigger onus on earnings,' the strategists said.
Economic Times
30-06-2025
- Business
- Economic Times
Stock market update: Nifty IT index falls 0.17% in a weak market
NEW DELHI: The Nifty IT index traded negative around 10:51AM(IST)on Monday in a weak market. ADVERTISEMENT MphasiS Ltd.(up 1.63 per cent) and Tata Consultancy Services Ltd.(up 0.2 per cent) were among the top gainers. LTIMindtree Ltd.(down 0.72 per cent), Tech Mahindra Ltd.(down 0.47 per cent), Infosys Ltd.(down 0.45 per cent), Wipro Ltd.(down 0.28 per cent) and Coforge Ltd.(down 0.27 per cent) were the top losers on the index. The Nifty IT index was down 0.17 per cent at 38756.3 at the time of writing this report. Benchmark NSE Nifty50 index was down 97.85 points at 25539.95, while the BSE Sensex was down 357.16 points at 83701.74. Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red. ADVERTISEMENT Shares of RattanIndia Power, Vodafone Idea, JP Power, YES Bank and Suzlon Energy were among the most traded shares on the NSE. Shares of Indef Manufacturing, Prostarm Info System, Cube Highways Trust, Force Motors and NDR Auto Components hit their fresh 52-week highs in today's trade, while Digitide Solutions Ltd., Alps Industries, SKIL Infrastructure, Morarjee Text and Sadhana Nitro hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-05-2025
- Business
- Time of India
Stock market update: Nifty IT index falls 0.92% in a weak market
NEW DELHI: The Nifty IT index traded negative around 10:35AM(IST)on Tuesday in a weak market. were among the top gainers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Senior Living Homes in Chittagong Politechnic May Surprise You Senior Living | Search Ads Undo Tata Consultancy Services Ltd.(down 1.26 per cent), Infosys Ltd.(down 1.15 per cent), HCL Technologies Ltd.(down 0.85 per cent), MphasiS Ltd.(down 0.77 per cent) and LTIMindtree Ltd.(down 0.73 per cent) were the top losers on the index. The Nifty IT index was down 0.92 per cent at 37439.25 at the time of writing this report. Benchmark NSE Nifty50 index was down 230.25 points at 24770.9, while the BSE Sensex was down 808.92 points at 81367.53. Live Events Among the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the red. Shares of Vodafone Idea, Reliance Power, Suzlon Energy, IFCI and InterGlobe were among the most traded shares on the NSE. Shares of Apollo Micro Systems, Camlin Fine Sc, Stampede Cap(DVR), Cosmo Films and GE T&D India hit their fresh 52-week highs in today's trade, while Tantia Const, Impex Ferro Tech, Protean eGov Techno, Shree Ram Proteins and Godha Cabcon & Insul hit fresh 52-week lows in trade.
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Business Standard
07-05-2025
- Business
- Business Standard
India Inc does risk assessment, extends full support to armed forces
India's top corporate leaders scrambled to assess operational risks and business continuity after the Indian armed forces launched strikes on terror camps across the border in Pakistan, fuelling fears of further escalation. Senior executives at several top companies convened emergency meetings to evaluate exposure and prepare for possible disruptions. Firms also began issuing advisories to employees, with some initiating mock security drills. 'There are marathon meetings going on since morning on the impact of the war on our operations and how we can help in war efforts,' said an executive at a major defence and infrastructure firm, requesting anonymity. Tata Consultancy Services Ltd., India's largest IT services exporter, advised employees to remain alert and follow local administrative instructions. The company issued an internal communication outlining protocols for upcoming emergency drills. 'We, as individual citizens and as an organisation, are required to comply with these requirements as and when they are laid down and communicated from time to time,' the company said in an internal email seen by Business Standard. Also Read 'Our endeavour is to provide you with relevant information that you can use, but it is also recommended that you refer to and align with any direct communication from your respective local authorities.' 'We request that you stay within the office building and do not panic,' the advisory added. 'If there is anything to be done differently at your work location, you would receive the necessary instructions from your local Admin/HR teams.' Other companies also issued similar advisories to their employees with several companies holding mock drills. An executive at a major Gujarat-based refinery said the Central government had stepped up security around key infrastructure to guard against any potential retaliatory attack. Several top leaders also voiced strong support for the country's armed forces. Several top CEOs took to social media to express solidarity. 'Our prayers are with our forces… One nation. Together we stand,' Mahindra Group Chairman Anand Mahindra posted. 'Operation Sindoor isn't just a military strike-- it's a crimson reminder that every drop of blood spilled in Pahalgam will be avenged,' RPG Enterprises Chairman Harsh Goenka wrote. 'Peace isn't weakness. And when India chooses to respond, the mountains echo with resolve, not restraint.' 'Terror will never triumph. India stands resolute and united in the fight against terrorism,' said Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group.
