Page 2 - Nifty It Index
Nifty IT faces bearish trend on charts; should you sell? Analyst answers
The Nifty IT Index is currently showing an upward trend on the charts, with the index nearing its weekly resistance levels for this week, which are expected to be between 39,925 and 40,000
 "Nifty IT faces bearish trend on charts; should you sell? Analyst answers")
Nifty IT soars 2% amid positive US job data, rebound in global markets
The rally in IT stocks came on the heels of a major drop in US jobless claims, which fell to 233,000 for the week ending August 3-the largest decline in nearly a year.
 "Nifty IT soars 2% amid positive US job data, rebound in global markets")
Sensex, Nifty tumble: How deep can the Indian stock market correction be?
Stock Market Outlook: The Sensex has shed 4.3% from its all-time high in 3 trading days and the Nifty is seen testing support at 24,250. Here's what charts suggest on likely trend ahead.
 "Sensex, Nifty tumble: How deep can the Indian stock market correction be?")
Infosys shares fall in trade on Friday amid GST notice row; check details
On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.
 "Infosys shares fall in trade on Friday amid GST notice row; check details")
Nifty Pvt Banks & IT: Check key breakout levels, trading strategies here
The Nifty Pvt Banks Index is currently trading within a defined range of 25,900 to 25,400. A close above or below this range would act as a trigger for a directional move.
 "Nifty Pvt Banks & IT: Check key breakout levels, trading strategies here")
Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track
Technical outlook on NSE Nifty sectoral indices: Here's how the key sectoral indices are placed on the technical charts as the NSE Nifty 50 reaches within striking distance of the 25,000 landmark.
 "Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track")
Cyient to set-up subsidiary for semiconductor business; stock rallies 7%
The uptick in stock price came after the company announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary
 "Cyient to set-up subsidiary for semiconductor business; stock rallies 7%")
IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%
IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent
 "IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%")
Should investors book profits in Nifty IT, Auto? Check key levels here
The Nifty IT Index is poised for a correction in the near term, as technical indicators signal an overbought condition
 "Should investors book profits in Nifty IT, Auto? Check key levels here")
Sell Nifty IT on the rise; resistance at 38,350, check other details here
The Nifty IT Index is currently trading at 37,314.35. In the near term, the index appears to be range-bound, with the defined range between 37,525 and 37,050
 "Sell Nifty IT on the rise; resistance at 38,350, check other details here")
Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results
Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector
 "Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results")
Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs
The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.
 "Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs")
Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts
What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels
 "Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts")
Persistent Systems shares jump 5% on Rs 10 dividend announcement
The surge in share price came on the back of a divided announcement, coupled with Accenture's Q3 performance, which met street expectations
How to trade IT stocks amid Nasdaq fall, rupee levels, Accenture results?
Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.
 "How to trade IT stocks amid Nasdaq fall, rupee levels, Accenture results?")
Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21
As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close
 "Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21")
IT index records sharpest intraday rally in over 4 months; up 9% in 3 days
Infosys, Wipro, Coforge, Persistent Systems, Mphasis and LTIMindtree rallied up to 6% on the NSE
 "IT index records sharpest intraday rally in over 4 months; up 9% in 3 days")
Nifty IT rangebound, FMCG bullish in near term: Here's how to trade
The Nifty FMCG Index is showing a bullish trend on the charts, with the potential for a fresh bullish breakout if it closes above 55,500
 "Nifty IT rangebound, FMCG bullish in near term: Here's how to trade")
Lok Sabha elections outcome: This sector has gained every time since 2004
Unlike other general election years, analysts expect the Nifty IT index to underperform the markets in the near-term amid muted demand environment and client caution around discretionary spends
 "Lok Sabha elections outcome: This sector has gained every time since 2004")
HCLTech Q4 preview: Here's what brokerages expect from IT major
Key factors, analysts believe, would be deal pipeline, pricing scenario, and outlook on growth, operating margins and products and platforms (P&P) business
 "HCLTech Q4 preview: Here's what brokerages expect from IT major")
