Positive TCS outlook triggers rally in large-cap IT stocks
Mumbai: IT major Tata Consultancy Services (TCS) led the rally in large-cap information technology shares, as investors were encouraged by the country’s largest software exporter’s commentary on the demand outlook after its third-quarter results. The Nifty IT Index gained 3.4% on Friday, led by a 5% jump in TCS shares. The company posted a 12%…
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Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of…
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TCS shares in focus as co sells 30% stake in South African arm worth Rs 28 crore to comply with norms
Shares of Tata Consultancy Services (TCS) will be in focus after the company announced that it has entered into an agreement with Isisekelo Sethu Trust to sell and dispose off 30% of shares worth Rs 28 crore (ZAR 60 million) held by TCS Africa in TCS SA to comply with the Broad-Based Black Economic Empowerment…
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Mcap of nine of top-10 most valued firms surges Rs 2.29 lakh cr; LIC biggest winner
The combined market valuation of nine of the top-10 most valued firms surged Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India emerging as the biggest gainer, in tandem with a rally in benchmark indices. Last week, BSE benchmark Sensex jumped 685.68 points or 0.86 per cent and NSE Nifty climbed 223.85 points…
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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,…
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Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle
Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points,…
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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…
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Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations,…
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Mcap of 6 of top-10 most valued firms jumps Rs 1.97 lakh cr; ICICI Bank, HDFC Bank major winners
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63…
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M-cap of 9 of top 10 most valued firms jumps by Rs 2 lakh crore; Airtel sparkles
Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’ sentiment in equities. Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. The 30-share BSE Sensex hit its lifetime high of 83,116.19 on Thursday. Bharti Airtel’s…
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