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Persistent Systems Q4 net profit at ₹529 crore misses estimates; declares ₹18 dividend
Shares of Persistent Systems Ltd ended at ₹5,369.00, up by ₹46.80, or 0.88%, on the BSE.
Nifty rebounds 8% in April after March rout, but stays below pre-war levels. What does it signal?
Nifty has rebounded 8% in April after a sharp March correction but remains below pre-war levels, signalling cautious recovery. The bounce is driven by short covering and selective buying, while persistent FII outflows, elevated crude prices and geopolitical risks continue to weigh on sentiment despite improving valuations.
IT stocks barring Wipro fall up to 4% on renewed AI fears; Here are some recent developments
The Nifty IT index has gained 9% so far this month, with Midcap IT outperforming its largecap peers. Shares of Mphasis, LTIMindtree, Coforge, and Persistent Systems have gained between 12% to 16%, while largecap names like TCS, HCLTech and Wipro have gained between 9% to 10% so far in April.
Persistent Systems launches Merchant Risk Management and Fraud Detection solution
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Persistent Systems ends higher after unveiling fintech risk mgmt solution
Persistent Systems advanced 1.87% to end at Rs 5,474 after the company announced the launch of its Merchant Risk Management and Fraud Detection solution built on the Databricks Data Intelligence platform.
Jubilant FoodWorks shares sink 7% as Domino’s India operator misses Q4 revenue estimates
Jubilant FoodWorks shares dropped significantly after the Domino's Pizza operator reported provisional Q4 FY26 results that missed analyst estimates. While consolidated revenue rose, standalone revenue and Domino's India's like-for-like growth were weaker than anticipated. The company also announced its exit from Dunkin' India due to persistent losses.
Why gold, silver are falling despite persistent global tensions
Gold and silver dip as a stronger US dollar and rising yields offset safe haven demand from US Iran tensions, complicating inflation and rate outlooks.
Persistent Systems, Coforge are CLSA's top IT sector picks for up to 78% upside
Based on discussions with TCS, Infosys, HCL Technologies, and Wipro ahead of the silent period, the brokerage said it found no evidence of increased pricing pressure in renewed contracts due to the latest artificial intelligence tools from Anthropic and OpenAI.
TCS, Infosys, Wipro and other IT stocks soar up to 4%. Here’s what’s triggering the surge
IT stocks rallied up to 4% on Wednesday after CLSA retained its Outperform rating on key names, easing concerns around AI-led disruption that had sparked a sharp selloff last month. Coforge and Persistent led gains, rising over 4% each, while TCS, LTIMindtree, HCL Tech, Tech Mahindra and Wipro also posted strong advances.
Rupee edges lower against dollar amid oil strength, equity outflows
The Indian rupee opened at 92.42 per US dollar on March 18, weakening by 5 paise from the previous close. Persistent pressure from higher crude oil prices and capital outflows weighed on the currency.
Sensex jumps 939 pts, Nifty tops 23,400 on value buying in large caps
Domestic equity benchmarks ended sharply higher on Monday, supported by value buying in select large-cap stocks as investors assessed the potential fallout of the ongoing U.S.-Iran conflict. Sentiment improved after media reports indicated that Donald Trump is likely to announce in the coming days the formation of an international coalition to escort commercial shipping vessels through the Strait of Hormuz, as the conflict with Iran enters its third week. U.S. officials reportedly said the White House could unveil the initiative as early as this week. However, overall sentiment remained cautious amid persistent FII outflows and elevated crude oil prices due to ongoing tensions involving Iran, Israel and the United States. The Nifty closed above the 23,400 mark, led by gains in auto, financial services and private banking stocks.
Sensex ends 3-day losing streak, settles 939 pts higher, Nifty above 23,400
Indian stock markets rebounded sharply on Monday, snapping a three-session losing streak with Sensex and Nifty closing significantly higher. Despite volatile trading, value-buying emerged after last week's selloff. Geopolitical tensions and persistent FII selling continue to influence market sentiment, while the rupee remains near all-time lows.