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Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.
Tech Mahindra Ltd soars 2.44%, Gains for third straight session
Tech Mahindra Ltd is quoting at Rs 1580.8, up 2.44% on the day as on 12:49 IST on the NSE. The stock is up 2.4% in last one year as compared to a 4.55% fall in NIFTY and a 15.51% fall in the Nifty IT index.
Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?
Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI-related fears, attracted by attractive valuations and upbeat sector outlooks. Optimism around potential US rate cuts and positive technical signals further fuelled buying in Infosys, Tech Mahindra, TCS and other IT majors.
Groww, Motilal Oswal, Angel One Race To Build Wealth Businesses Beyond Trading
Brokerages are expanding into wealth management, insurance, lending, alternatives and asset management as they seek recurring revenue streams and reduce reliance on trading activity.
Medtech exporter Poly Medicure bets on high-tech pivot and acquisitions to fend off macro headwinds
The medtech major expects its growth rate to more than double in FY27 as it pivots from low-cost consumables to high-value equipment to counter Chinese competition and rising input costs.
Tech Mahindra Ltd soars 1.01%, Gains for third straight session
Tech Mahindra Ltd is quoting at Rs 1450, up 1.01% on the day as on 12:49 IST on the NSE. The stock is down 8.94% in last one year as compared to a 3.34% fall in NIFTY and a 22.37% fall in the Nifty IT index.
Why foreign investors are exiting Nifty giants to hunt in India's small and midcap market
Foreign institutional investors are shifting their focus from India's top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is driven by growth opportunities in sectors like capital goods, manufacturing, and new-age tech, despite an overall decline in FPI holdings in India.
Market Trading Guide: Buy MTAR Tech & Angel One on Friday for gains up to 12%
The Nifty faces continued weakness, resisting 20EMA, with key support at 23,400. Experts recommend two stocks to buy on dips for near-term gains: MTAR Tech (Target Rs 8,650, 12% upside) and Angel One (Target Rs 370, 9% upside). Both show strong bullish technical breakouts.
Market Trading Guide: Tata Tech, Nazara Tech among 5 stock recommendations for Wednesday for gains up to 22%
Market sentiment leans bearish short-term (Nifty resistance 23,800). Experts recommend buying five stocks: Angel One, Tata Technologies, Garware Hi Tech Films, Granules India, and Nazara Technologies, citing bullish technical indicators and strong upside potential.
Top Gainers & Losers on May 19: Triveni Turbine, Tata Tech, Angel One, OLA, Coforge, Vodafone Idea among top gainers
On May 19, the Indian stock market remained range-bound despite positive opening, with the Nifty 50 closing down 0.23%. The broader market outperformed benchmarks, led by Nifty IT's 3.18% gain. Financial stocks struggled, while geopolitical developments around Iran influenced oil prices.
Tech Mahindra Ltd gains for third consecutive session
Tech Mahindra Ltd is quoting at Rs 1481.6, up 3.61% on the day as on 12:49 IST on the NSE. The stock is down 5.99% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
IT Stocks Extend Decline For Fourth Straight Session Amid AI, Growth Concerns; Persistent Systems, Coforge Lead Losses
The continued declines in the tech shares has pushed the Nifty IT Index more than 40% below its all-time high reached in December 2024.