HCL, TCS, and other IT stocks rise up to 2% after Trump eases tariff worries
India’s IT sector rose nearly 2% on Tuesday, tracking overnight gains in U.S. tech stocks and global market relief after U.S. President Donald Trump signaled flexibility on planned tariffs, easing investor concerns over a potential trade war. Shares of all major Indian IT companies, which earn a significant portion of their revenue in U.S. dollars,…
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Ditch the Accenture Prism. TCS, Infy good bets as FIIs resume shopping
Accenture’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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