Domestic benchmark equity indices opened lower on Thursday, dragged by IT stocks after Wipro forecast a decline in revenue for the April-June quarter amid tariff turmoil. The BSE Sensex was down 303 points, or 0.39%, at 76,741, while the Nifty50 slipped 114 points, or 0.49%, to 23,323 around 9:33 am. From the Sensex pack, HCL…
READ MOREShares of Tata Consultancy Services (TCS) on Friday dropped 1% to Rs 3,212.10 on the BSE after the IT major reported a weaker-than-expected Q4 performance. Consolidated net profit for Q4FY25 declined 1.7% year-on-year to Rs 12,224 crore, falling short of the analysts’ estimate of Rs 12,650 crore. In the year-ago quarter, the net profit was…
READ MOREEven as Trump’s tariff tantrums dominate headlines, the biggest storm brewing for Dalal Street might not be coming from Washington—but from India Inc’s balance sheets. And unlike policy tweets, poor profits have a longer shelf life. The March quarter earnings season kicks off tomorrow, a market holiday though, with IT bellwether TCS announcing its numbers,…
READ MOREIn times of crisis, investors usually flock to familiar and time-tested names. Tata Group companies fall under this category. However, a single-day crash—driven entirely by global factors—wiped out nearly Rs 1.49 lakh crore ($18.06 billion) in market capitalization within just a few hours. It serves as a stark reminder that no stock is immune during…
READ MOREAfter a week-long consolidation phase, Indian equity markets saw a sharp downturn, with benchmark indices slipping over 2.5%, dragged primarily by weak global cues and renewed concerns over a trade war. This week is packed with key domestic and global triggers. With tariff-related tensions escalating, global investors will closely track any further developments on that…
READ MOREAs uncertainty in the domestic equity market looms, investors of IT stocks face a peculiar dilemma of choosing between stability and growth potential. An analysis of top 10 tech counters shows tier-1 (top 5 by m-cap) scrips witnessing a relatively less severe fall in 2025 while trailing tier-2 (next 5) stocks in terms of 1-year…
READ MOREGlobal brokerage Macquarie has unveiled its latest India Strategy report, spotlighting IRCTC and AB Capital among six stocks it believes have the potential to deliver 2x returns over the next three years. These stocks, dubbed as the “Rising Stars”, are expected to benefit from strong structural tailwinds, shifting consumer trends, and a favorable domestic macroeconomic…
READ MOREIndian benchmark indices traded lower on Tuesday, weighed down by banking and IT stocks, amid uncertainty over Donald Trump’s upcoming tariff announcement. The BSE Sensex was trading 1,218 points, or 1.57%, lower at 76,201. The Nifty50 was down 327 points, or 1.39%, trading at 23,192 around 11:53 am. From the Sensex pack, IT stocks like…
READ MOREIndian benchmark equity indices Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 256 points, or 0.33%, lower at 77,361. The Nifty50 was up 67 points, or 0.27%, trading…
READ MOREAccenture’s latest earnings punched a 7% hole in its immediate market value and simultaneously sapped the enthusiasm of investors in Indian IT – the nearly $260-billion globalized industry that has the second-highest Nifty weighting after banking and financials. At first glance, several of the concerns highlighted by the Accenture management seem to equally apply to…
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