IT sector giant Infosys Ltd pleasantly surprised the Street with its June quarter (Q1FY24) earnings performance. Sequential revenue growth in constant currency terms stood at 3.6% last quarter, ahead of the consensus estimate of 2.3%. Growth was broad-based across verticals but led by the financial services and manufacturing verticals. Notably, Infosys’ financial […]
Nifty IT
NSE Indices Limited, a subsidiary of NSE specializing in index services, unveiled a new thematic index named the Nifty EV & New Age Automotive Index, on Thursday. This index is designed to monitor the performance of businesses within the electric vehicle (EV) sector and those engaged in the advancement of […]
Dedicated emerging market (EM) foreign investors, Wood noted, may no longer be ‘overweight’ on India given a combination of sustained outperformance and strong domestic inflows prompting a potential shift in foreign investor sentiment. However, Chris Wood continues to have a positive structural view on India’s domestic demand cycle. Another reason […]
However, in the second half of today’s trade, the market took a U-turn, led by gains in bluechip stocks, rise in broader markets as well as in most sectoral indices. The Sensex jumped as much as 611 points to its day’s high of 74,070.84, surpassing the crucial 74,000 levels while […]