Infosys stock rises as Q3 beats estimates; HCL falls 3% on cutting guidance
The BSE IT index witnessed broad-based selling, with most of sectoral heavyweights such as TCS, Wipro, HCL Tech, and LTIMindtree reeling under selling pressure.
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TCS stock rises 3% ahead of Q3 results; here’s what to expect
The IT heavyweight is likely to report moderate growth in the top and bottom line, while margins are expected to improve due to ease in supply side pressure.
IT stocks take a hit after Accenture signals slowdown in client spending
New bookings for Accenture in the first quarter were $16.22 billion, a 3% decrease in US dollar.
How Wipro, HCL Tech shares reacted to Q2 results?
Wipro shares fell 6% to hit its 52-week low of ₹383.25 on disappointing earnings, while HCL Tech rose 4% on dividend payout.
Bears hold grip on market; investors lose ₹13.3 lakh crore in 4 sessions
The BSE Sensex has fallen 2,575 points, or 4.3%, in the last four trading days, while the Nifty50 has lost 800 points, or 4.5%, during the same period.
TCS, Infosys, Wipro hit 52-week low on rate hike concerns
The IT heavyweights have declined up to 45% in the calendar year 2022 amid concerns about earnings in the backdrop of a muted demand environment and higher interest rates.
U.S. inflation shocker hits IT stocks; Infy, TCS, Wipro, Tech Mahindra fall up to 4%
Shares of TCS, Infosys, Wipro, Tech Mahindra, HCL Tech, and MindTree dropped up to 4% in opening trade amid fear of aggressive rate hikes by the U.S. Federal Reserve.
Why TCS, Infosys, HCL Tech, Mindtree shares are bucking trends at Dalal Street?
Shares of TCS, Infosys, Mindtree, Birlasoft, L&T Infotech, Tech Mahindra, HCL Technologies gained up to 5% on the BSE in intraday trade.
Sensex, Nifty end higher for 3rd session; IT stocks shine, Vodafone Idea sinks 21%
Indian share market ended higher for the third session with the BSE Sensex rising 221 points and the Nifty50 ending at 18,055.
IT, pvt banks propel Sensex, Nifty 0.5% higher; HP Adhesives surges 22% on debut
The BSE Sensex ended 296 points higher at 57,420, and the NSE Nifty surged 82.5 points, led by Tech Mahindra, Dr. Reddy's, Power Grid, and Sun Pharma.
