Shares of Nucleus Software Exports plummeted 15% in today’s intraday trade, hitting a 9-week low of ₹1280.75. This decline followed the company’s disappointing June quarter results, released on Saturday. For the quarter ending in June, Nucleus Software reported consolidated revenue of ₹195.4 crore, down from ₹206.8 crore in Q1 FY24. […]
Nifty IT index
The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the […]
IT stocks have been witnessing decent traction since June this year. The Nifty IT index has gained nearly 24 per cent since June. In contrast, Nifty 50 has gained over 8 per cent in the same period. On the monthly scale, Nifty IT gained an 11 per cent in July […]
Indian stock market continued its record bull run picked up since June-end led by return of foreign inflows, albeit few phases of consolidation with the new earnings season. Bulls have tightened their grip on D-Street after a spectacular month-opening ahead of the Union Budget 2024 scheduled for later this month. […]
Following a stellar performance in June with a double-digit gain, the Nifty IT index kicked off July on a strong footing as investor expectations grew that the U.S. Federal Reserve would cut interest rates in September. Amid this optimism, the Nifty IT index jumped 2.6% to 37,093 points in today’s […]