Mumbai, March 10 (IANS) Indian benchmark equity indices rebounded on Tuesday, snapping a two-day losing streak as investor sentiment improved after US President Donald Trump indicated that the ongoing war with Iran could end soon. The comments eased global market concerns and supported buying across several sectors.The Nifty closed 0.97 per cent, or 233.5 points, higher at 24,261.6, while the Sensex rose 0.82 per cent, or 639.82 points, to settle at 78,205.98.Commenting on technical outlook, exp…
Latest Nifty IT News & Updates
Mumbai, March 10 (IANS) The Indian equity markets made notable gains in the early trade on Tuesday after US President Donald Trump indicated that war with Iran may be approaching an end.As of 9.29 am, Sensex added 413 points, or 0.53 per cent, to reach 77,979 and Nifty gained 112 points, or 0.47 per cent to reach 24,140.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 gained 1.05 per cent, and the Nifty Smallcap 100 added 1.32 per cent.All sectoral ind…
New Delhi, March 6 (IANS) Earnings estimates of IT firms for FY27 have been lowered by 1 per cent, while target multiples for large‑cap IT services and BPO firms have eased amid uncertainty around AI adoption, a report said on Friday.Emkay Global Financial Services Ltd in its report trimmed FY27 and FY28 earnings estimates of large‑cap IT services companies by 1 per cent and 2 per cent, respectively.The “implied terminal growth for covered large‑cap IT services companies” for these compani…
Mumbai, Feb 27 (IANS) The Indian equity markets opened the last session of the week with losses on Friday despite strong gains in the domestic IT stocks.The Indian IT stocks defied global trends amid technology-led selloff seen in Wall Street following weaker-than-expected earnings from Nvidia.As of 9.20 am, Sensex lost 346 points, or 0.42 per cent, to reach 81,903, and Nifty eased 113 points, or 0.44 per cent, at 25,383 in the morning trade.Main broad-cap indices performed in line with the benc…
Mumbai, Feb 26 (IANS) The Indian equity markets traded flat with a positive bias early on Thursday, as IT stocks recovered tracking overnight gains on Wall Street in the US.As of 9.25 am, Sensex added 58 points, or 0.07 per cent, to reach 82,334, and Nifty gained 15 points, or 0.06 per cent, at 25,498.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added 0.22 per cent, and the Nifty Smallcap 100 lost 0.08 per cent.Sectoral indices traded mixed with Ni…
Mumbai, Feb 25 (IANS) Indian stock markets ended slightly higher on Wednesday, even though they gave up most of their early gains during the day. Heavyweights like Reliance Industries and State Bank of India put pressure on the indices, while buying in metal and IT stocks helped limit the losses.The Nifty closed 57.85 points, or 0.23 per cent, higher at 25,482.50. The Sensex ended up 50.15 points, or 0.06 per cent, at 82,276.07.Analysts said that the 25,400 level is acting as immediate structura…
Mumbai, Feb 25 (IANS) The Indian equity markets showed strong gains on Wednesday led by IT stocks, tracking an overnight recovery of tech stocks on Wall Street in the US.As of 9.30 am, Sensex added 559 points, or 0.69 per cent, to reach 82,785, and Nifty gained 157 points, or 0.62 per cent, at 25,582.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 0.27 per cent, and the Nifty Smallcap 100 gained 0.46 per cent.All major sectoral indices traded in…
Mumbai, Feb 24 (IANS) The Indian equity markets erased gains from the previous session early on Tuesday, tracking an overnight sell-off in US equities amid AI-led disruptions affecting global technology stocks.As of 9.26 am, Sensex lost 577 points, or 0.69 per cent, to reach 82,717, and Nifty dipped 161 points, or 0.63 per cent to settle at 25,552.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 dipped 0.55 per cent, and the Nifty Smallcap 100 declined…
Mumbai, Feb 23 (IANS) Indian stock markets extended their gains for the second straight session on Monday, supported by buying in PSU banks and healthcare stocks. Positive global cues also boosted investor sentiment after the US Supreme Court ruled against the reciprocal tariffs announced by US President Donald Trump.The benchmark Nifty ended 0.55 per cent higher, gaining 141.75 points to close at 25,713. The Sensex rose 0.58 per cent, or 479.95 points, to settle at 83,294.66.Commenting on Nifty…
Mumbai, Feb 23 (IANS) The Indian equity markets opened the week with strong gains early on Monday amid positive global cues and investors’ sentiment, buoyed by the US Supreme Court decision that struck down President Donald Trump’s tariffs.As of 9.25 am, Sensex added 563 points, or 0.68 per cent, to reach 83,375, and Nifty gained 170 points, or 0.67 per cent to settle at 25,741.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 0.12 per cent, and t…