It Stocks
Nifty IT index hits record high on December 10: Here's what drove the rally
By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30
 "Nifty IT index hits record high on December 10: Here's what drove the rally")
Foreign investors turn net buyers in second half of November, shows data
Pumped money into financial services and IT, while redeeming investments from oil and gas, and auto stocks
 "Foreign investors turn net buyers in second half of November, shows data")
Markets log biggest decline in two months as FPIs resume selloff
IT, auto stocks see steepest fall, 5 Adani group firms settle higher
 "Markets log biggest decline in two months as FPIs resume selloff")
Stock Market Close Highlights: Sensex adds 230pts, Nifty atop 24,250; NTPC Green, Adani shares shine
Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108
 "Stock Market Close Highlights: Sensex adds 230pts, Nifty atop 24,250; NTPC Green, Adani shares shine")
This microcap IT stock zoomed 15% as board nods stock split; Check details
The board approved the stock split of equity shares having a face value of Rs 5 each into such a number of shares having a face value of Rs 2 each fully paid up
 "This microcap IT stock zoomed 15% as board nods stock split; Check details")
Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%
At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.
 "Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%")
IT stocks: Persistent Systems, LTIM, TCS, Infosys surge up to 5% on Nov 6
The information technology (IT) stocks were in great demand on Wednesday, with Nifty IT index surging 3.56 per cent in intraday deals
 "IT stocks: Persistent Systems, LTIM, TCS, Infosys surge up to 5% on Nov 6")
Nifty IT down over 3%: Why have IT stocks slipped in trade today?
Meta Platforms warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday
 "Nifty IT down over 3%: Why have IT stocks slipped in trade today?")
This RP-Sanjiv Goenka Group stock hit record high; zoomed 215% in 18 months
Firstsource Solutions has rallied 15% to Rs 361.65, with a combined 17.24 million equity shares representing 2.5% of total equity of the company changing hands on the NSE and BSE till 01:32 PM.
 "This RP-Sanjiv Goenka Group stock hit record high; zoomed 215% in 18 months")
Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2
Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.
 "Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2")
Tanla Platforms shares slip 9% after Q2 net profit dips to Rs 120 crore
Tanla Platforms revenue for the quarter under review stood at Rs 1,000.7 crore, down 0.78 per cent from Rs 1,008.6 crore
 "Tanla Platforms shares slip 9% after Q2 net profit dips to Rs 120 crore")
Stocks To Watch: IT stocks, Axis Bank, Bharat Forge, Zomato, CEAT, Tata cos
Stock Market Today: Infosys has raised its sales forecast for FY25 to 3.75-4.5 per cent, reflecting a revival in demand, particularly in banking and financial services.
 "Stocks To Watch: IT stocks, Axis Bank, Bharat Forge, Zomato, CEAT, Tata cos")
Wipro Q2FY25 preview: Revenue may fall up to 3% YoY; margin, guidance eyed
Overall, the sentiment remains cautiously optimistic for Wipro ahead of results, with key focus areas including large-deal pipelines and consulting growth.
 "Wipro Q2FY25 preview: Revenue may fall up to 3% YoY; margin, guidance eyed")
Accenture results: Worst behind for India IT; buy selectively, say analysts
Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results
 "Accenture results: Worst behind for India IT; buy selectively, say analysts")
Stocks To Watch: HDFC, IT stocks, Torrent Pharma, Ola Electric, Adani Green
Stocks to watch today: With Accenture raising its revenue guidance for FY25 to 3-6 per cent, exceeding its previous guidance, IT stocks in India would be in focus today.
 "Stocks To Watch: HDFC, IT stocks, Torrent Pharma, Ola Electric, Adani Green")
Newgen Software surges 19% on heavy volumes; zooms 42% in two weeks
A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.
 "Newgen Software surges 19% on heavy volumes; zooms 42% in two weeks")
Nifty IT shows bearish trend, Nifty Auto overbought; trading strategy here
The Nifty Auto Index appears overbought on the near-term charts, indicating a potential pullback in the coming sessions, likely after the monthly expiry.
 "Nifty IT shows bearish trend, Nifty Auto overbought; trading strategy here")
Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?
The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.
 "Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?")
Information technology stocks suffer biggest one-day fall in six weeks
Fed rate cuts, Accenture promotion delay sour mood
 "Information technology stocks suffer biggest one-day fall in six weeks")
Mphasis, Infosys fall up to 6%, Nifty IT 3% ahead of Fed rate cut decision
The fall in IT stocks may also be attributed to a report which says Accenture Plc is planning to push back the bulk of its staff promotions by six months
 "Mphasis, Infosys fall up to 6%, Nifty IT 3% ahead of Fed rate cut decision")
