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Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here's why
IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.
Buy, Sell Or Hold: HCL Tech, Titan, Uno Minda, Oracle Financial, Vodafone Idea And Canara Bank — Ask Profit
Experts shared buy, sell and hold recommendations on NDTV Profit's 'Ask Profit' show.
Upcoming dividends, stock splits, bonus issues this week: Central Bank of India, UCO Bank, OFSS, NALCO, among others in focus - Upstox
Upcoming dividends, stock splits, bonus issues this week: Central Bank of India, UCO Bank, OFSS, NALCO, among others in focusUpstox
Upcoming dividends, stock splits, bonus issues this week: Central Bank of India, UCO Bank, OFSS, NALCO, among others in focus - Upstox
Upcoming dividends, stock splits, bonus issues this week: Central Bank of India, UCO Bank, OFSS, NALCO, among others in focusUpstox
Gainers & Losers: Jio Financial among 7 big movers on Thursday
Indian markets closed lower for a second straight session, with Sensex and Nifty falling over 1%. Selling pressure in IT, auto and financial stocks weighed on indices. Union Bank, Havells declined, while OFSS, Fractal Analytics and Jio Financial Services emerged as key gainers.
Q4 Results LIVE Updates: L&T Tech profit below Street estimates but margin improves
Q4 Results Live Updates: Result reactions are dominating market proceedings in Wednesday's trading session. HCLTech is the top loser on the Nifty 50 with a 9% drop after a disappointing quarter and an equally disappointing guidance for the new financial year. HCLTech's fall has also pressured the entire IT space. Along with HCLTech, Transformers & Rectifiers is also down over 10% and is the top loser on the Nifty 500. Along with these, Bharat Coking Coal, Delta Corp, L&T Technology Services, Havells India, Oracle Financial and Maharashtra Scooters will also be reporting their numbers today. Watch this space for all the Live earnings updates, management commentary and a lot more.
Q4 Results Live Updates: Oracle Financial Declares Bumper Dividend Of Rs 270/Share As Profit, Revenue Jump
SBI Life Insurance Co., Trent Ltd., Tech Mahindra Ltd., L&T Technology Services Ltd. and Havells India Ltd. are among companies reporting earnings on Wednesday, April 22.