Page 11 - It Stocks

Sensex closes in on 50,000 milestone, Nifty ends at 14,484; IT stocks gain

Indian stocks continue to be the beneficiaries of benign foreign portfolio investor (FPI) flows amid signs of recovery in the economy

Early Q3 nos lift mkts; Sensex ends 487 pts up at 49,269, Nifty at 14,485

Volatility index, India VIX, surged 8.5 per cent to 22.4 levels

Top headlines: Stalemate continues over three farm laws, IT shares rally

Business Standard brings you top news of the evening

IT shares in rally; Tech Mahindra's m-cap tops Rs 1-trillion; Wipro up 5%

With the market-cap of Rs 1.02 trillion at 02:15 pm, Tech Mahindra became the fifth IT company to join the Rs 1-trillion market-cap club

IT companies well positioned for strong Q3 growth on healthy deal momentum

Deal ramp-up, healthy pipeline and cost tailwinds to offset seasonally weak quarter

Sensex and Nifty scale fresh peaks; financials, IT stocks shine

Persistent foreign fund inflows supported the benchmarks, though a weakening rupee capped the gains, traders said.

Wipro: Aggressive deal wins, internal changes boost investor sentiment

Analysts estimate the company's revenue to grow 8 per cent in 2021-22, the highest since 2015-16

Gains in IT stocks, Brexit agreement hope push markets further up

The gains in the indices were led by IT majors Infosys and TCS

IT shares gain up to 6%; Nifty IT, Infosys scale fresh record highs

Infosys, HCL Technologies, Tech Mahindra, Larsen & Toubro Infotech, Coforge and Mindtree were up in the range of 3 per cent to 6 per cent on the NSE

Birlasoft gains 13%, hits fresh record high; stk zooms 224% so far in 2020

Birlasoft key alliances include Oracle, JD Edwards, SAP, Infor and Microsoft

Recent multiple deal wins point to improved outlook for L&T Technology

Analysts have revised their growth guidance for FY22

Accenture's strong Q1FY21 results make analysts bullish on Indian IT stocks

With the global IT behemoth reporting sharp uptick in outsourcing business, and broad-based recovery across verticals and markets, here is how analysts read through the numbers

HCL Tech stock playing catch up with peers after lagging for three months

Strong deal pipeline is keeping analysts bullish; 41 out of 45 have a 'buy' rating

'Banking sector a good long-term bet despite expensive valuation'

The market expects a strong bounce in earnings growth in FY22 with a growth of more than 30 per cent on a YoY basis.

Samvat 2077: Here are the sectors that are expected to do well

The significant feature of equity market performance in Samvat 2076 has been the sharp divergences both across and within sectors and companies.

IT, pharma firms emerge Samvat 2076 winners; Infy, Divi's Lab top gainers

On the other hand, PSU stocks and banks have been laggards - with ONGC, Indian Oil, IndusInd Bank, and Coal India delivering the worst returns.

Brokerages remain bullish on Asian equities despite US poll cliffhanger

From an Indian market perspective, the US election driven trends could imply that Indian IT stocks and Reliance Industries (RIL) could gain traction and cyclical stocks including banks might lag

Tata Motors to Bharat Forge: Stock winners and losers in India from US Vote

Here are some key things to watch in India with respect to the upcoming US vote

Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?

Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.

Mindtree tumbles over 11% post September quarter result; brokerages mixed

For the quarter under review, Mindtree posted a net profit of Rs 253.7 crore, up 87.9 per cent year-on-year (YoY) and 19.1 per cent sequentially.