Page 6 - It Stocks

Nifty IT index crashes over 4%; TCS, Infosys, LTI, LTTS plunge up to 6%

Global growth is expected to moderate from 6.1% in 2021 to 3.6% in 2022, driven by withdrawal of monetary accommodation in major economies, continued supply side shortages and economic damage from war

BLS International soars 10% on acquisition of Zero Mass in an all-cash deal

BLS international now becomes the largest business correspondent (BC) network in India. The stock has rallied 66 per cent in the last three months.

IT stocks lose most amid $5.15-billion FPI selling in May, shows data

After IT, banking & financial services and fast-moving consumer goods (FMCG) saw the biggest outflows - at $1.55 billion and $660 million - respectively

eMudhra makes decent debut, stock lists at 6% premium to issue price

The stock listed at Rs 271 on the BSE as against the issue price of Rs 256 per share. The IPO was subscribed 2.72 times.

IT, bank and auto stocks help equity indices end day and week in green

On a weekly basis, the Sensex climbed 558.27 points or 1.02 per cent, while the Nifty gained 86.30 points or 0.53 per cent

At 2022 lows: Auto stocks pick up speed, tech on collision course

Meanwhile, IT stocks dominated the worst-performing list, with Tech Mahindra and Wipro dropping nearly 20 per cent apiece

Nifty IT index slips 5%; Infosys, Tech Mahindra, LTTS, Wipro down over 5%

The deterioration of the US corporate sector profitability would lead to tighter IT spending

Have a high risk appetite? Just hold on to IT funds, say analysts

Investors with low to moderate tolerance must stand by diversified funds

Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions

Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.

Nifty IT dips 3%; Coforge, LTI fall up to 9%; here's what's worrying Street

According to analysts, IT companies have lost their sheen after March quarter results highlighted slowdown in deal momentum, and margin pressure

TMS Ep151: Inflation and monsoon, Museum of PMs, IT stocks, OROP

Will monsoon provide some relief from inflation woes? What can visitors expect to see at the new PMs' Museum? Will the IT stocks underperform from here on? What is OROP? Find all answers here

Stocks to Watch: TCS, Veranda, Voda Idea, Exim Bank, Cadila, Banks, IT

TCS is likely to announce results after market hours on Monday. The IT stocks will be in focus with Infosys too to announce earnings later this week.

Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares

IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.

Rising inflation, travel costs to bite into IT firms' margins: Analysts

This rise in inflation in the US, according to analysts at Jefferies, is one big factor that will see most IT companies hike wages going ahead

IT shares gain on Accenture's strong Q2 show, higher revenue guidance

The strong guidance indicates that spending on change programs continues to be robust, a positive for Indian IT.

Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine

The IT services companies, who make most of their revenues servicing clients in US tend to benefit from a weaker rupee.

Russia-Ukraine crisis: Investors look at defensive plays in tough times

Given volatility, choose stocks within IT, FMCG, health care space, say experts

Infosys, Tech M: Tech charts suggest its time to bottom fish IT stocks

The NSE IT index has been moving in a tight range, a breakout in either direcion can trigger a 2,000 points movement.

TCS gains 2% in a weak market on fixing record date for its share buyback

The company fixed February 23, 2022, as the record date for the Rs 18,000 crore share buyback plan.

TMS Ep101: Fintech, selling in IT stocks, disinvestment, markets, crypto

Will RBI's digital currency give a fillip to fintechs? What's the government's disinvestment roadmap? Why are investors dumping IT stocks? What is cryptocurrency? Find all answers here