CLOSING BELL: Broader markets, too, were subdued in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 per cent
Stocks to Watch: Infosys and HCL Technologies to announce Q3 results; Sah Polymers to debut on Thursday.
Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation
CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent
The overall trend in the IT stocks have remained laggard and continues to bear high risk element.
Eight of the top 10 most valued firms faced a combined erosion of Rs 1,06,991.42 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services along with HDFC Bank taking the biggest hit. Last week, the Sensex declined 940.37 points or 1.55 per cent. Barring Hindustan Unilever and Life Insurance Corporation of India (LIC), eight firms suffered erosion from their market capitalisation (mcap). The market valuation of Infosys tumbled Rs 25,185.37 crore to Rs 6,09,687.79 crore, the most among the top 10 firms. The mcap of HDFC Bank tanked Rs 18,375.41 crore to Rs 8,89,130 crore. The valuation of Tata Consultancy Services (TCS) eroded by Rs 17,289.02 crore to Rs 11,75,287.30 crore and that of ICICI Bank diminished by Rs 14,447.69 crore to Rs 6,07,140.65 crore. State Bank of India's market valuation slumped Rs 11,245.01 crore to Rs 5,36,012.18 crore. HDFC's valuation declined by Rs 7,419.45 crore to Rs 4,74,018.02 crore and that of Reliance Industries Limit
Stocks to watch today: In a relief to multiplexes, the Supreme Court on Tuesday said that theatre owners had the right to prohibit outside food and beverages on their premises
Infosys has been recognised for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual 'A List'
From Amitabh Chaudhry, MD & CEO, Axis Bank to Rakesh Sharma, MD & CEO, IDBI Bank here is the list of panelists from private sector banks of India at BSFI Insight Summit
For FY23, Accenture has maintained its 8-11 per cent growth guidance. This is reportedly the first time since FY17 that the company has not upgraded its full-year guidance after the first quarter
The Infosys founder was addressing students and researchers at the GMR Institute of Technology in Andhra Pradesh, which was observing its Silver Jubilee Year
As Infosys turns 40, what may be its future challenges? What makes the World Cup in Qatar unique? Can Adani's media foray sustain a rally in related stocks? What is a flag meeting? Answers here
IT major Infosys marked its four decades in business on Wednesday. While the founders spoke about the future course of the company, what are the challenges it needs to address in the next 10 years?
The IT services company which was established four decades ago is focusing on cutting-edge innovations in areas such as cybersecurity, cloud computing and data analytics
'I was completely wrong,' Murthy rues not allowing founders' children to join the company
IT giant Infosys founder N.R. Narayana Murthy said on Wednesday that the company aims to create an India which would be different from the 20th century model
As IT major Infosys commemorated its four decades of existence, its founders reminisced about the company's journey on Wednesday. N R Narayana Murthy, Nandan M Nilekani, S Gopalakrishnan, S D Shibulal and K Dinesh took a trip down memory lane at its campus here. "I am the last of the jokers left," quipped Nilekani, the non-executive Chairman of the NASDAQ-listed IT company headquartered here. Nilekani said he now has the huge responsibility of "putting in place the leadership structure, people with right values to take it (the company) forward". Stating that putting the right persons at the top echelons of the company was the "biggest thing" on his mind, Nilekani said: "I haven't found a person who I can hand over (the charge).
Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top
Investors though should be selective; analysts more positive on Infosys and Persistent Systems
Top 500 companies in Burgundy Private Hurun India's list are worth $2.7 trillion