Tag
Sensex rose over 500 points and Nifty crossed 24,200 on Wednesday after US inflation data eased global rate concerns, boosting financial and consumer stocks. IT stocks including TCS and Infosys fell, while rising Middle East tensions and a jump in India VIX capped broader gains.
TCS reported Q1 FY27 net profit of Rs 13,349 crore, up 5% year-on-year, with revenue rising 14% to Rs 72,275 crore. The strong revenue growth and AI-driven demand outlook pushed shares up around 4%, signalling investor confidence in a recovery through FY27.
The Nifty IT index surged nearly 3% as Wipro, Infosys, TCS, and Coforge attracted strong buying interest. Improved market sentiment, AI optimism, and compressed valuations combined to pull investors back into the sector.
State Bank of India lost around Rs 45,000 crore in market cap in a single session, emerging as the top Nifty 50 loser after weak Q4 results. Bharti Airtel, TCS, and Larsen & Toubro also saw valuation declines on the same day.
Seven of India's top-10 most-valued firms shed a combined Rs 2 lakh crore in market cap last week. TCS and Reliance Industries were the hardest hit, dragged down by a broad bearish trend in equities. Their heavy index weight means the losses rippled across benchmark indices.
Wipro shares fell after the Indian IT major issued a weaker-than-expected revenue forecast, raising concern about sluggish enterprise tech demand. The guidance miss signals continued headwinds for India's large-cap IT outsourcing sector and sets a cautious tone ahead of peer earnings reports.
Tag
Sensex rose over 500 points and Nifty crossed 24,200 on Wednesday after US inflation data eased global rate concerns, boosting financial and consumer stocks. IT stocks including TCS and Infosys fell, while rising Middle East tensions and a jump in India VIX capped broader gains.
1mo ago · 3 min · Markets
TCS reported Q1 FY27 net profit of Rs 13,349 crore, up 5% year-on-year, with revenue rising 14% to Rs 72,275 crore. The strong revenue growth and AI-driven demand outlook pushed shares up around 4%, signalling investor confidence in a recovery through FY27.
1mo ago · 4 min · Markets
The Nifty IT index surged nearly 3% as Wipro, Infosys, TCS, and Coforge attracted strong buying interest. Improved market sentiment, AI optimism, and compressed valuations combined to pull investors back into the sector.
3mo ago · 3 min · Markets
State Bank of India lost around Rs 45,000 crore in market cap in a single session, emerging as the top Nifty 50 loser after weak Q4 results. Bharti Airtel, TCS, and Larsen & Toubro also saw valuation declines on the same day.
3mo ago · 2 min · Markets
Seven of India's top-10 most-valued firms shed a combined Rs 2 lakh crore in market cap last week. TCS and Reliance Industries were the hardest hit, dragged down by a broad bearish trend in equities. Their heavy index weight means the losses rippled across benchmark indices.
4mo ago · 1 min · Markets
Wipro shares fell after the Indian IT major issued a weaker-than-expected revenue forecast, raising concern about sluggish enterprise tech demand. The guidance miss signals continued headwinds for India's large-cap IT outsourcing sector and sets a cautious tone ahead of peer earnings reports.
4mo ago · 1 min · Markets
— End of feed —