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IT rally powers markets over 1%; Sensex, Nifty end week with marginal losses
Indian equity indices saw a rise on Friday, boosted by information technology stocks. Tata Consultancy Services' earnings met expectations, easing sector concerns which helped the market. The benchmark indices, however, finished the week marginally lower, ending a winning streak. Renewed West Asia tensions kept investor optimism in check earlier in the week. Brent crude futures traded above $76 a barrel on Friday evening.
SBI Funds IPO DRHP: India's Largest AMC, Rs 11,693 Crore OFS, SBI And Amundi Selling — All You Need To Know
SBI Funds Management manages mutual funds, portfolio management services, alternative investment funds and offshore funds under the SBI Mutual Fund brand.
Nifty Midcap, Smallcap indices hit 52-week highs; what's driving the rally?
Zensar Technologies, CDSL, Bandhan Bank and MRPL from the Nifty Smallcap 100 index rallied between 5% and 12% in Friday's intra-day trade.
Why is market rallying today? Sensex soars 845pts intraday, Nifty at 24,226
On the sectoral front, all the indices traded firmly in the green, with Nifty Metal and Nifty IT gaining more than 2 per cent each.
Sensex Today Rallies 762 Points | Nifty Above 24,150 | TCS & Tech Mahindra Top Gainers - Equitymaster
Sensex Today Rallies 762 Points | Nifty Above 24,150 | TCS & Tech Mahindra Top GainersEquitymaster
Sensex Today Rallies 762 Points | Nifty Above 24,150 | TCS & Tech Mahindra Top Gainers - Equitymaster
Sensex Today Rallies 762 Points | Nifty Above 24,150 | TCS & Tech Mahindra Top GainersEquitymaster
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Nifty trades above 24,000 level; European mrkt advance
All the sectoral indices in the NSE were traded in green with realty, media and consumer durables shares led the rally.
TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying
India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is no longer considered expensive, but earnings visibility remains a concern.
Jefferies calls NSE IPO the final piece in India's exchange troika
The listing will see NSE join the BSE, and Multi Commodity Exchange of India (MCX), both of which are already publicly traded, bringing all three major exchange operators onto Dalal Street
Nifty IT Index Rebounds With 2% Gain As TCS, Infosys, HCL Tech Lead The Charge On Q1 Earnings Optimism
The heavyweight tech stars such as Tata Consultancy Services, Infosys, HCLTech, and Wipro traded higher to lift the Nifty IT index by 2.6% after the opening bell.
Markets extend winning streak for 2nd session; IT stocks lead gains
The Nifty settled above the 24,150 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the green, with IT, realty and consumer durables shares experienced the most gains.