Mumbai, June 26 (IANS) Indian stock exchanges — the National Stock Exchange (NSE) and the BSE — remained closed on Friday on account of Muharram, with trading suspended across all equity market segments, including equity derivatives, currency derivatives, securities lending and borrowing (SLB).Meanwhile, in the commodity segment, the Multi Commodity Exchange (MCX) remained closed during the morning session from 9 am to 5 pm.Trading on the commodity exchange will resume in the evening session f…
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Mumbai, June 25 (IANS) Indian stock markets opened higher on Thursday as crude oil prices eased towards the $70-per-barrel mark, with tankers resuming their exit from the Strait of Hormuz following an initial peace deal between the US and Iran.Sensex started the session up 400 points or 0.52 per cent at 77,391.07, while Nifty opened at 24,125.85, gaining over 100 points or 0.43 per cent.Most sectoral indices traded in positive territory, led by Nifty Realty and Nifty Auto, gained up to 1 per cen…
Bengaluru, June 23 (IANS) Infosys Chairman Nandan Nilekani said on Tuesday that artificial intelligence (AI) will not replace IT software companies but, instead, will help in the expansion of firms that adapt quickly to the new technology. In his address at the company’s 45th annual general meeting (AGM), Nilekani said: “The AI deployment gap in large enterprise clients is real, and closing that gap is where the work is. AI will not replace companies like ours. It will amplify those who move wit…
Mumbai, June 23 (IANS) Domestic equity benchmarks ended sharply lower on Tuesday, dragged down by heavy selling in metal, information technology and public sector banking stocks amid weak global market cues.The Sensex declined 893.39 points, or 1.16 per cent, to settle at 76,200.68, while the Nifty fell 278.80 points, or 1.16 per cent, to close at 23,824.10.Investor sentiment remained subdued as weakness in global equity markets weighed on domestic equities, prompting broad-based selling across …
Mumbai, June 23 (IANS) Indian equity markets opened on a flat note on Tuesday after a multi-session rally driven by easing tensions in West Asia.Sensex opened at 77,086.05, down 8 points or 0.01 per cent, while Nifty started the session at 24,071.30, lower by 31.60 points or 0.13 per cent.Sector-wise, Nifty Pharma was top gainer, rising 0.41 per cent, followed by Nifty MidSmall Healthcare (up 0.40 per cent), Nifty 500 Healthcare and Nifty Media, both gaining 0.29 per cent. While Nifty Cement and…
Mumbai, June 22 (IANS) Indian equity benchmarks closed in positive territory on Monday, supported by strong buying in information technology and pharmaceutical stocks, while easing crude oil prices further boosted investor sentiment.The Sensex gained 291.17 points, or 0.38 per cent, to settle at 77,094.07. The Nifty also ended higher, rising 90 points, or 0.37 per cent, to close at 24,102.90.Commenting on Nifty technical outlook, experts said that the 24,200 level continues to act as the immedia…
Mumbai, June 19 (IANS) Both the Indian indices ended lower in Friday’s session as IT shares dropped sharply following dismal sales and top-line outlook from their global peer Accenture.At the closing bell, the 50-share index Nifty was at 24,013.10, down by 155 points or 0.64 per cent. The Sensex followed suit and fell 0.78 per cent or 608 points to 76,802.90.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region continues to act as the immediate resistance zone.“…
New Delhi, June 19 (IANS) A cautious outlook from consulting firm Accenture has led to heightened selling in India’s information technology (IT) shares, and many mid-cap IT stocks have dipped further than 55 per cent correction seen in shares of Tata Consultancy Services.Tata Consultancy Services has tumbled nearly 55 per cent from its record high of Rs 4,592, while Wipro decreased 52 per cent, LTIMindtree declined 50 per cent and Infosys dipped 48 per cent from their respective peaks, a report …
Mumbai, June 19 (IANS) IT stocks came under selling pressure on Friday, with the Nifty IT index plunging more than 6 per cent after global technology services firm Accenture cut its revenue growth guidance and flagged a weaker demand environment, reigniting concerns over the pace of recovery in global technology spending.The technology index declined as much as 6.43 per cent or 1,831 points to hit an intraday low of 26,634.50 at around 10:25 am, making it the worst-performing sectoral index in e…
Mumbai, June 11 (IANS) Indian equity benchmark indices ended a volatile trading session lower on Thursday as investor sentiment weakened amid escalating geopolitical tensions in West Asia following fresh military action by the United States against Iran.The Nifty closed 53.35 points, or 0.23 per cent, lower at 23,161.60, while the Sensex declined 150.63 points, or 0.20 per cent, to settle at 73,832.55.Commenting on Nifty technical outlook, experts said that the 23,300-23,400 zone now acts as an …