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IT Stocks: Kotak cuts price targets by up to 30% but bets on 'long-term relevance'
The Nifty IT index has been resilient over the last two sessions amidst the market sell-off. The index was down only 0.5% on Friday, in comparison to the Nifty, which fell 1.5%. All Nifty IT constituents are down between 11% to as low as 30% so far on a year-to-date basis.
Tejas Networks, Redington to Netweb Technologies: These 5 stocks rise up to 19% despite stock market crash
Tejas Networks and Redington shares surged 19% and 17% respectively on February 27, despite falling benchmark indices. The Sensex and Nifty 50 declined over 1% amid geopolitical tensions and foreign fund outflows, highlighting contrasting stock performance.
Sensex, Nifty off to a positive start as IT stocks spark surge
Indian stock markets are on the rise for a second day. The Sensex opened higher by over 140 points. The Nifty is trading above 25,500. Technology stocks are leading the gains, following their Wall Street counterparts. Major IT firms like Tech Mahindra and Infosys are seeing significant increases. Some other companies are also performing well.
Stock Market Highlights: Market closes in the green but off highs, Nifty above 25,450
Sensex Today | Stock Market LIVE Updates: The market have been volatile as the indices are off the day's high. The Nifty is up 40 points, rising towards 25,500. The Nifty Bank index has fallen from the highs of the day, now trading with a deficit of 100 points. Tech Mahindra, HCLTech, Wipro, Infosys are among the top gainers.
This mutual fund expert sees strong growth potential in midcap stocks
Sandeep Bagla of TRUST Mutual Fund sees strong growth potential in Indian midcap equities, driven by economic expansion, policy support, and sectors like technology, consumption, and energy.
AI disruption may create new sector winners: Trust MF's Mihir Vora
Trust Mutual Fund CIO Mihir Vora expects IT services firms to adapt their business models over time, while data centre and power infrastructure companies may benefit from rising AI demand. Vora remains constructive on markets, favouring financials, infrastructure, and selective growth sectors.
Sensex Today Trades Flats | Nifty Above 25,700 | Infosys & Tech Mahindra Top Losers - Equitymaster
Sensex Today Trades Flats | Nifty Above 25,700 | Infosys & Tech Mahindra Top LosersEquitymaster
Taking Stock: Markets extend losses; Nifty slips below 24,200, Sensex declines 852 pts
Biggest Nifty losers were Trent, M&M, Shriram Finance, SBI Life Insurance, Tech Mahindra, while gainers included Dr Reddy's Labs, Cipla, Jio Financial, Adani Enterprises, Apollo Hospitals.
Trade Spotlight: How should you trade Kotak Mahindra Bank, Dr Reddys Labs, Tech Mahindra, Infosys, GE Shipping, and others on May 19?
The market is expected to witness consolidation with range-bound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
Taking Stock: Markets rebound; Nifty reclaims 24,150, Sensex jumps 600 pts
Among the top gainers on the index were Maruti Suzuki India, Coal India, Tech Mahindra, ITC Limited, and Reliance Industries. On the downside, InterGlobe Aviation, Dr. Reddy's Laboratories, NTPC, ICICI Bank and Bajaj Finserv were among the key laggards.
Bank Nifty rises over 1%, all 14 shares gain as RBI forex swap facility boosts banking stocks
Banking shares led gains on Dalal Street, after the Reserve Bank of India's operational guidelines for its FCNR(B) deposit and external commercial borrowing (ECB) schemes, easing hedging costs and make foreign-currency fund raising more attractive.
Taking Stock: Markets snap 2-day fall; Sensex up 395 pts, Nifty above 23,200
Biggest Nifty gainers were Interglobe Aviation, Jio Financial, Eicher Motors, SBI, Apollo Hospitals, while losers included ONGC, Titan Company, NTPC, Power Grid Corp and Tech Mahindra.