infosys: Stock Radar: Infosys could hit fresh lifetime high of Rs 2,000; time to buy?
Synopsis Infosys stock, after a recent dip, shows signs of recovery, bouncing back from its August lows. Analysts suggest a potential upward trend, with a possible target of Rs 2,000, contingent on maintaining its position above the Rs 1,800 mark. IT major Infosys remained range-bound for the past few weeks but managed to bounce back…
READ MORE
LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell’s indication of slower rate cuts
Shares of Indian IT companies came under pressure during Monday’s trading session following comments from Federal Reserve Chair Jerome Powell on Thursday. Powell suggested that the U.S. Federal Reserve is likely to slow down interest rate cuts in the coming months, citing persistent inflation and the need to monitor its trajectory before making further decisions….
READ MORE
8 of top 10 most-valued firms lose nearly Rs 2 lakh crore in m-cap
Eight of the top-10 most valued firms together lost Rs 1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank of India taking the hardest hit in line with a weak trend in equities. Last week, BSE benchmark Sensex fell by 1,906.01 or 2.39 per cent. Equity markets were…
READ MORE
Over 100 smallcap stocks see double-digit fall in a week amid market correction
Domestic markets are in a correction phase with benchmark indices, Nifty and Sensex, falling around 10% from the peak. The weakness in second quarter results and sustained outflow of foreign funds weighed on the sentiments. During the week, as many as 103 smallcap stocks have delivered double-digit negative weekly returns with four of them falling…
READ MORE
Sensex extends losses to 2nd session, drops over 150 points; Nifty below 24k mark
Domestic benchmark equity indices extended losses for the second consecutive day on Tuesday, following their steepest decline in a month the previous day, weighed down by index heavyweights HDFC Bank, Reliance Industries, and Infosys. The BSE Sensex fell over 150 points, or 0.23%, to 78,599.28, while the Nifty50 slipped 54.80 points, or 0.23%, to 23,940.55…
READ MORE
The rise and rise of ex-China EM funds can bring big flows to D-Street
Mumbai: In the global money hubs, the EM menu now has a pretty varied spread – and Chinese isn’t the staple dish any longer. The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China. And Mumbai…
READ MORE
Sensex jumps over 150 points, Nifty tops 24,826; banks lead gains
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Tuesday, amid weak global cues, driven by gains in index heavyweights ICICI Bank, Infosys, and Reliance Industries. The BSE Sensex rose 171 points, or 0.21%, to 81,323, while the Nifty50 gained 45 points, or 0.18%, trading at 24,826 at around 9:19 am. From the…
READ MORE
Mcap of 4 of top-10 most valued firms jumps Rs 81,151 cr last week; ICICI, HDFC Bank biggest gainers
Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers,…
READ MORE
Stock to Watch: Infosys shares in focus after company raises FY25 guidance
Shares of leading IT services company Infosys will be in focus after the company announced its second quarter results, where it posted a 5% growth in net profit and revenues. The Bengaluru-based tech major has also raised its guidance upwards to 3.75-4% for the current fiscal year. The company reported strong revenue growth up 3.1%…
READ MORE
Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2
Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%,…
READ MORE