IT stocks were the top BSE Sensex contributors in today's upbeat trade. Out of 30 Sensex stocks, the top three gainers were Tech Mahindra, HCL Technologies and Infosys.
Major Indian IT firms -- Tata Consultancy Services, Infosys and Wipro -- have seen growth in business and foresee strong deal pipelines in the near future.
Nifty futures were trading weak in early trade on Friday, down 54,50 points or 0.37 per cent on Singaporean Exchange, hinting at a gap-down down start for BSE Sensex and Nifty 50
Information Technology (IT) firms such as TCS, HCL Technologies, Infosys, Wipro, among others hit their respective 52-week highs in an otherwise weak trading session today
In the Nifty IT index pack, Mphasis, Infosys, HCL Technologies, L&T Infotech, Tata Consultancy Services (TCS) and Tech Mahindra scaled their fresh 52-week highs
The sharp correction in Nifty 50 has not changed the macro trend and one can still find stocks worth investing in. These 4 IT stocks still have steam left and can propel the index further
The stock markets have always been forward-looking, marching up significantly sensing that the things would be near normal as while moving into next year.
IT stocks are in focus as Wipro is scheduled to announce its Jul-Sep quarter earnings today, while Infosys and HCL Technologies will announce their corporate results on October 14 and October 16, 2020, respectively.
Out of 10 Nifty IT index stocks, 9 scrips were trading with gains with L&T Infotech, Coforge and Infosys too at fresh 52-week highs. IT stocks outperformed the equity benchmarks last week where BSE Sensex and Nifty 50 gained
Research and brokerage firm Motilal Oswal Financial Services believes that the IT sector will stand-out tall this year as one of the few sectors as far as July-September earnings are concerned.
HCL Technologies and Google Cloud announced the expansion of their strategic partnership to bring HCL’s Actian portfolio, starting with Actian Avalanche, to Google Cloud.