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 […]
IT sector
Indian stock market seems to be at relatively normal valuations at the Nifty level, said Deepak Shenoy, Founder and CEO of Capitalmind. In an interview with Livemint, Shenoy said he continues to invest in India’s domestic manufacturing industry, energy sector and in local consumption. Here are edited excerpts. Q. As […]
After the Lok Sabha elections, all investors are now eagerly waiting for the announcement of the full budget, which is likely to be presented in the third week of July. Meanwhile, the finance minister conducted pre-Budget consultations with leading experts from the financial and capital markets sector in New Delhi, […]
The total selling by FPIs in the domestic equities since the beginning of 2024 amounted to over ₹19,000 crore so far, as per data available on National Securities Depository Ltd (NSDL). Meanwhile, the highest FPI outflows was seen in the financial services stocks worth ₹9,687 crore during the first fortnight […]
Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in […]