Mid-cap IT stocks to buy: In an AI driven world, are they better placed than large-caps? 4 mid-sized IT stocks with upside potential of up to 38%
Synopsis In the recent past, the landscape for IT sector stocks has changed. Five years ago, the emergence of machine learning and cloud computing marked a shift. And in the last one-and-half years, it is AI and other specialized segments that have sparked change. Smaller companies operating in these niche areas have demonstrated significantly stronger…
READ MORE
F&O Radar | Deploy Bull Call Spread in Nifty to gain from positive bias
The Nifty50 Index has been trading within a narrow range in recent sessions, hovering around its 200-day EMA, currently positioned near the 23,700 mark. However, Thursday’s session witnessed a surge in activity across Financials, IT, and Auto stocks, propelling the index to a robust gain of nearly 450 points, closing at 24,188.65. Volatility levels have…
READ MORE
Nifty IT index hits fresh record high; Infosys, LTIMindtree, Tech Mahindra lead the gains
The Nifty IT index reached a record high on Tuesday, climbing over 1.4% to 44,240, with all 10 of its constituents in the positive. As of 10:05 a.m. on Tuesday, the index was trading at 44,201, reflecting a 1.34% increase. Infosys led the pack, rising 2.4%, followed by LTIMindtree, Tech Mahindra, LTTS, Wipro, Persistent Systems,…
READ MORE
Election outcome, MSCI rejig among 8 factors to likely impact stock markets this week
“The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600. Immediate resistance is seen at 23,960β24,000. A decisive move above 24,000 could trigger a rally toward 24,500. On the downside, supports…
READ MORE
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
Don’s return brings cheer to IT, but euphoria may be short-lived
Shares of information technology (IT) companies jumped on Wednesday in a relief rally fuelled by the election of Donald Trump as the next US President. Analysts said the run-up in share prices was driven by expectations that Trump would implement pro-business policies that could boost IT spending. But the sector also faces the risk of…
READ MORE
IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT stocks have outclassed most sectoral peers delivering aggregate 13% returns at an index level in the past 3 months. Midcap counter Coforge and Infosys are among the leaders in the pack with a lone exception in Wipro, which has seen its share price erode. Coforge tops the chart with 26% returns in the past…
READ MORE
Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine
Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around…
READ MORE
Indices hit new highs, Sensex closes above 81K for first time
India’s benchmark indices surged to fresh new highs on Thursday, with the Sensex closing above 81,000 and Nifty ending above 24,800 for the first time. The rally was led by gains in information technology (IT) stocks ahead of Infosys’ first quarter results which were announced after trading hours on Thursday. The BSE Sensex ended at…
READ MORE