6 min read Last Updated : Aug 05 2024 | 11:08 AM IST Equity benchmark indices in India have retreated sharply from all-time highs hit on August 01 amid the global market sell-off. This morning on August 05, the BSE Sensex hit a low of 78,580, and was down 1.9 per cent or 1,550 points …
Indian IT stocks are performing exceptionally well today, with many trading with gains of up to 6%. This surge is attributed to TCS’s strong Q1 earnings and the anticipation of a Fed rate cut. All 10 constituents of the index are in positive territory, led by Coforge, which has gained 6.1%, followed by Mphasis and …
American Depository Receipt (ADR) shares of India’s top information technology (IT) majors Infosys and Wipro traded lower on Wall Street on Thursday, March 21 after Accenture slashed revenue growth guidance for FY24 amid uncertain economic environment that prompts clients to reduce spending on consulting services. At 11:59 am Eastern Time (ET), Wipro ADR was trading …
Indian IT stocks faced a downturn in today’s trading session due to higher-than-anticipated US consumer inflation data released yesterday, raising concerns about the Federal Reserve’s ability to implement multiple rate cuts this year, which had been a crucial aspect of the bullish sentiment in the equity market. Inflation in the US softened to 3.1% on …
As Sensex touched its all-time high, crossing the 71,000 points mark on Friday hours before the markets closed for the week, the Nifty IT index also touched a new record high for the second day in a row, crossing 2,300 points since Wednesday. BSE Sensex and NSE Nifty have been showing record growth as IT …