Eight out of the top 10 most valued companies in India collectively lost ₹1,28,913.5 crore in market value last week, PTI reported. Among the top 10, Tata Consultancy Services (TCS) and Infosys were the biggest losers with weak equity trends, it added. In the ranking of the most valued firms, […]
TCS
Indian stock market: Market benchmarks—the Sensex and the Nifty 50—continued their losing streak for the fourth consecutive session. The Sensex dropped by 280 points, or 0.35 per cent, closing at 80,148.88. Similarly, the Nifty 50 ended the day down by 66 points, or 0.27 per cent, at 24,413.50. Despite these […]
In the holiday-shortened week, the combined market valuation of eight of the top 10 most valued firms surged by ₹2,10,330.26 crore, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) leading the gains. The BSE benchmark index increased by 85.31 points, or 0.10%, and the 30-share BSE […]
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 […]
Indian stock market: Market indices both Sensex and Nifty witnessed contrasting trends. The large-cap indices, Nifty 50 and Sensex, closed at record highs, whereas the mid-cap and small-cap indices experienced a one percent decline each. The Nifty 50 closed at a new record high of 24,800.85, rising 188 points or […]
Last week witnessed a significant surge in the combined market valuation of seven of the top-10 most valued firms, amounting to an increase of ₹1,72,225.62 crore. Leading the charge was IT giant Tata Consultancy Services (TCS), benefiting from a bullish equity market. During the week, the BSE benchmark rose by […]
MUMBAI : Investors in information technology (IT) stocks are elated. Sector bellwether Tata Consultancy Services (TCS) Ltd has started FY25 on an upbeat note. In the June quarter (Q1FY25), TCS reported sequential constant currency revenue growth of 2.2%, beating the Street’s estimate of 1.5%. The improvement in revenue was partially […]
The Street’s expectations of a significant revival in the revenues of information technology services companies have now been pushed to FY26. Consequently, the Nifty IT index has underperformed the Nifty 50 index so far in 2024. Sure, recent commentary from global IT giants Accenture and Cognizant suggest that demand has […]
Eight of the top-10 most valued firms together added ₹1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The […]
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 […]