Nifty It Index
Charts suggest Nifty 50, IT Index may enter consolidation phase
Technical analyst Ravi Nathani expects the NSE benchmark index to consolidate in 17,150 - 17,850 range
 "Charts suggest Nifty 50, IT Index may enter consolidation phase")
Gopinathan's resignation will not hurt TCS much; add stock on dips: Experts
Analysts say the stock price could turn volatile in the near-term as the development comes amid a challenging macro-environment including fears of a potential recession in the US
 "Gopinathan's resignation will not hurt TCS much; add stock on dips: Experts")
Ravi Nathani recommends to buy IT, FMCG stocks on dips; Avoid metals
With an view to capitalize on a potential technical bounce, the technical analyst advises traders to adopt a buying strategy near the support price.
 "Ravi Nathani recommends to buy IT, FMCG stocks on dips; Avoid metals")
Nifty IT, Realty indices look bullish on chart: Ravi Nathani
The technical analyst also expects a pullback in the Nifty Pharma index.
IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days
Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50
 "IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days")
Ravi Nathani recommends to wait for correction to complete in these sectors
According to the technical analyst, the Nifty Realty, Pharma and Media index and its constituents can be accumulated once the corrective move is over.
IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
 "IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week")
Positive trend ahead for Nifty IT, bearish on metal index: Ravi Nathani
As per the technical analyst, the best trading strategy for traders would be to buy Nifty IT either at the current market price or at dips, with a target of 31,500
 "Positive trend ahead for Nifty IT, bearish on metal index: Ravi Nathani")
Nifty trading range has narrowed down, says Ravi Nathani
According to the technical analyst, the near-term trading range on the Nifty is 18,149 - 17,760, close above or below would add trigger in the direction.
HCL Tech Q3: Weak macros, narrow FY23 guidance limit upside, warn analysts
In Friday's trade, the stock gained marginally to close at Rs 1,077 per share, as against 0.5 per cent rise in the S&P BSE Sensex
 "HCL Tech Q3: Weak macros, narrow FY23 guidance limit upside, warn analysts")
Nifty consolidating in the range of 17,775 - 18,265, says Ravi Nathani
According to the technical analyst, a big move on the Nifty is likely once the trading range is dismissed.
 "Nifty consolidating in the range of 17,775 - 18,265, says Ravi Nathani")
Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts
On the bourses, Wipro underperformed peers as shares dropped 0.5 per cent, while TCS, HCL Technologies, and Infosys rose up to 11 per cent in Q3FY23
 "Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts")
HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3FY23: Analysts
HCL Tech Q3 preview: As per five brokerage estimates, analysts peg EBIT margins to see an uptick in the range of 53-60 basis points (bps) QoQ to 18.5 per cent in Q3FY23
 "HCL Tech revenues may rise up to 6% QoQ to Rs 26,214 cr in Q3FY23: Analysts")
Resistance for Nifty seen at 18,140, says Ravi Nathani
According to the technical analyst, the if the NSE Nifty 50 benchmark surpasses the resistance a rally to 18,265 seems likely.
Nifty IT index likely to consolidate, FMCG looks weak, says Ravi Nathani
According to the technical analyst, the IT index is expected to consolidate between 30,600 - 26,300 range.
 "Nifty IT index likely to consolidate, FMCG looks weak, says Ravi Nathani")
Nifty IT index slips 5% in two days on earnings, valuation worries
Recently, HCL Technologies said that its FY23 revenue could be at the lower end of the guidance; Credit Suisse warned valuation-led correction in these stocks amid US macro headwinds.
 "Nifty IT index slips 5% in two days on earnings, valuation worries")
IT sector may be ripe for cherry picking; analysts more positive on Infosys
Investors though should be selective; analysts more positive on Infosys and Persistent Systems
 "IT sector may be ripe for cherry picking; analysts more positive on Infosys")
Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%
The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%
 "Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%")
IRCTC, Zomato, Infosys: Is investors' love for digital India over?
Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit
 "IRCTC, Zomato, Infosys: Is investors' love for digital India over?")
Infosys shares drop 2.6% despite buyback proposal, end at Rs 1,425
The stock underperformed both the Nifty and the Nifty IT index, which fell 1.5% and 2%, respectively
 "Infosys shares drop 2.6% despite buyback proposal, end at Rs 1,425")
