Latest Updates Around The World
IT giant Tech Mahindra on Friday reported that December consolidated profit after tax rose 14.1% year-on-year (year-on-year) to Rs 1,122 crore, while revenue rose 8.3% year-on-year to Rs 14,393 crore.In USD terms, revenues were 1.7% sequentially at constant exchange rates, while EBIT margin increased 100 basis points on a sequential basis to 13.1%. New deal […]
IT stocks fell as much as 3.7% on Monday ahead of the earnings season, which starts next week with the announcement of third-quarter results by IT vendor Tata Consultancy Services (TCS) and HCL Technologies.HCL Technologies was the biggest loser, followed by Infosys, which fell 3.5% intraday to hit an intraday low of Rs 1,583.10 on […]
Indian shares closed lower on Monday, with losses in IT stocks and renewed worries about additional US tariffs dogging Nifty and Sensex, offsetting a flurry of upbeat business updates that had boosted expectations of stronger quarterly profits.The BSE Sensex fell 322.39 points, or 0.38%, to close at 85,439.62, while the NSE Nifty 50 fell 78.25 […]
India’s benchmark indices Sensex and Nifty closed lower on Friday as investors cut positions near record highs, while thin year-end trading and continued foreign outflows dampened risk appetite. The pullback capped a subdued session marked by light participation and selective selling among index heavyweights.The BSE Sensex fell 367 points or 0.4% to end at 85,041.45, […]
India Inc has registered its first profit rise in five quarters, signaling a turnaround in the corporate profit cycle after a long period of austerity. The upgrade is largely driven by mid- and large-cap companies, even as small-caps continue to be downgraded.In Motilal Oswal’s equity universe, FY2026 earnings after tax (PAT) increased by 2% over […]
Mumbai: Indian stock indexes rose on Monday, tracking gains in the rest of Asia, as the rupee’s recovery and renewed foreign flows last week revived sentiment. NSE’s Nifty rose 206 points, or 0.8%, to close at 26,172. BSE’s Sensex rose 638 points, or 0.75%, to end at 85,567. Elsewhere in Asia, Japan rose 1.8% as […]
Market participants are preparing for a phase where returns may no longer be easy to obtain from following broad themes. Instead, selectivity, size of investments and a sharper bottom-up approach could shape portfolios in the coming months, says Ambit’s Nitin Bhasin.Responding to whether the coming year will be more driven by bottom-up stories amid a […]
Kaynes Technologies’ sharp 43% decline from its October peak, capped by a steep 12.5% ​​decline on Friday, has raised questions about whether the stock is approaching a reversal zone or sliding into deeper losses. While momentum indicators remain firmly bearish, the wide gap to the 200-day moving average signals potential mean-reversion opportunities for tactical investors.Edited […]
Indian shares closed higher on Thursday, with the Sensex and Nifty registering a four-day decline, lifted by IT stocks ahead of the Reserve Bank of India’s policy decision on Friday.The S&P BSE Sensex rose 158 points, or 0.19%, to 85,265.32, while the NSE Nifty 50 rose 48 points, or 0.18%, to 26,033.75. IT stocks accounted […]
IT stocks such as Infosys, TCS and Wipro rose up to 2% on Wednesday after the sharp fall in the rupee past the Rs 90 per dollar mark spurred renewed buying in high-export technology names. The currency’s fall to an unprecedented 90.13 against the US dollar, its weakest level ever, pushed investors towards dollar income […]
