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Nifty IT hits fresh 52-week low as Infosys, TCS, Wipro & others tumble up to 3%. What's spooking investors?
The Nifty IT index fell more than 2% to a fresh 52-week low on Tuesday as persistent inflation concerns and uncertainty over the US Federal Reserve's interest rate trajectory weighed on sentiment. Infosys, TCS, Wipro and other IT stocks declined up to 3%, with investors awaiting the sector's Q1 earnings season.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
HDFC Bank governance concerns ease; Kotak Mahindra Bank’s next CEO may come from within: InGovern
Shriram Subramanian, Founder and Managing Director of InGovern, believes HDFC Bank has largely moved past the governance concerns triggered by allegations made by its former chairman, with investor focus now shifting to the appointment of a new chairman and the bank's next chief executive.
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top LosersEquitymaster
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top LosersEquitymaster
Stocks in news: Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent Systems
Indian markets showed volatility, ending nearly flat despite positive signals. Analysts note Nifty faces resistance from key moving averages, with a decisive close above 24,200 crucial for further gains. Several companies like Waaree Energies, Kotak Bank, and Tata Motors are in focus due to significant developments, including US investigations, strategic partnerships, and EV expansion plans.
Kotak Mahindra Bank raises Dynamic Currency Conversion fee to 3.5%; Here is what it means for you
Kotak Mahindra Bank hikes Dynamic Currency Conversion fee to 3.5 % plus GST from 1 percent, effective August 1 2026, affecting all international ATM, POS and online transactions.
Sensex Today Trades Higher | Nifty Above 23,850 | Tech Mahindra & Infosys Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 23,850 | Tech Mahindra & Infosys Top GainersEquitymaster
Sensex Today Trades Higher | Nifty Above 23,850 | Tech Mahindra & Infosys Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 23,850 | Tech Mahindra & Infosys Top GainersEquitymaster
Sensex Today Trades Higher | Nifty Above 23,850 | Tech Mahindra & Infosys Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 23,850 | Tech Mahindra & Infosys Top GainersEquitymaster
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Sensex Today Trades Higher | Nifty Above 24,100 | Tech Mahindra & Infosys Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,100 | Tech Mahindra & Infosys Top GainersEquitymaster