The U.S. has imposed a 26 percent tariff on Indian goods as part of major trade policy overhaul. While these tariffs don’t directly impact the IT sector, they are seen as inflationary, potentially raising prices in the U.S. Notably, if inflation rises, U.S. companies may cut IT budgets, which could hurt Indian IT firms as [...]
The shares of this IT stock, engaged in providing technology, consulting and outsourcing services came into focus on Wednesday after a block deal where shares worth Rs 470 crore exchanged hands. Stock Performance With a market capitalization of Rs 6,60,118.56 crore, Infosys Ltd fell nearly 6 percent in Wednesday’s trading session and made an intraday [...]
The IT index opened 2 percent lower on Tuesday as the US markets plunged on Monday. This was due to recession fears following US Treasury Secretary Scott Bessent’s warning about an economic “detox period” due to government spending cuts. Further, President Donald Trump acknowledged a transition phase but remained optimistic. The "Magnificent Seven" tech stocks [...]
The share price of this IT company which deals in the business of consulting, outsourcing technology, and next-generation digital services was down by 6 percent on Friday after quarterly financial results and guidance announcements. Is it the right time to buy after the fall? Share Price Movement In Friday’s trading session, Infosys Ltd's share price [...]
According to business standards, India's IT sector is a powerhouse, projected to reach $138.9 billion in spending by 2024, growing at 13.2% year-on-year. The industry contributes approximately 7.4% to India's GDP and employs around 5.4 million people, making it a vital component of the nation's economic landscape. On December 31, information technology equities fell under [...]
In Friday’s trading session, the shares of a global leader in next-generation digital services and consulting climbed by nearly 5 percent on BSE to hit a new 52-week high at Rs. 1,843, after reporting financial results for Q1 FY24-25 with a rise in the net profit by 7.2 percent YoY. At 11:09 a.m., the shares [...]
The share price of this large-cap firm engaged in providing technological services surged by 4 percent to an intraday high of Rs 1,718.55 per share on Friday after the company’s subsidiary was awarded a contract from the Delaware Department of Labor to improve the state’s unemployment insurance system. Share price movement: With a market capitalization [...]
The Indian IT industry has become a crucial sector for the country's economy, with IT companies providing technology-related services and solutions to businesses and organizations. Some of the key benefits of investing in the best IT stocks in India include high growth potential, strong financials of top companies, global exposure, attractive dividend yields, and high [...]
Markets started on a lower note and slipped further on Friday. Equity Benchmark indices Sensex and Nifty faced a significant one percent decline due to a broad-based selloff. At close, the Nifty 50 was down 234.40 points or 1.03 percent at 22,519.40 and the Sensex was down 793.25 points at 74,244.90. Here are five stocks [...]
Shares of this IT giant fell around 2 percent after losing a 1.5 billion dollar AI contract from a global customer. The shares have delivered more than 20 percent returns to their shareholders in six months. With a market capitalization of Rs. 6,39,229 crores, the shares of Infosys Ltd started Monday’s trading session on a [...]
