Mumbai, July 2 (IANS) Indian benchmark equity indices ended sharply higher on Thursday, supported by a decline in global crude oil prices after encouraging signs emerged from trade talks between the United States and Iran, boosting investor sentiment.The Nifty closed at 24,175.70, gaining 169.85 points, or 0.71 per cent, while the Sensex advanced 579.48 points, or 0.75 per cent, to settle at 77,502.12.Commenting on Nifty technical outlook, experts said that the index witnessed steady buying inte…
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Mumbai, June 30 (IANS) Indian benchmark equity indices ended lower on Tuesday as weakness in information technology stocks weighed on investor sentiment, while market participants remained cautious ahead of the scheduled US-Iran talks in Doha later in the day.The Nifty declined 80.50 points, or 0.34 per cent, to close at 23,865.75. The Sensex also slipped 249.70 points, or 0.33 per cent, to settle at 76,478.67.Commenting on Nifty technical outlook, experts said that the 24,000 zone now emerges a…
Mumbai, June 29 (IANS) Indian stock markets opened flat on Monday with investors and traders closely monitoring developments surrounding the US-Iran ceasefire and upcoming diplomatic discussions.Nifty opened at 24,061.75, up 5.75 points or 0.02 per cent, while Sensex started marginally lower at 77,055.21, down 45.26 points or 0.06 per cent.Sector-wise, healthcare and pharma stocks led the gains, with Nifty Healthcare Index rising 0.53 per cent and Nifty Pharma advancing 0.52 per cent. FMCG also …
Mumbai, June 28 (IANS) The combined market capitalisation of six of India’s 10 most-valued companies increased by Rs 88,678 crore during the holiday-shortened week.During the week, the Sensex advanced 297.57 points, or 0.38 per cent, while the Nifty rose 42.9 points, or 0.17 per cent.Among the top-valued firms, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro registered gains in their market capitalisation, while Bharti Airtel, Tata Consultancy Services, Life Ins…
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 …
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 14 (IANS) The combined market valuation of eight of India’s 10 most-valued companies surged by Rs 1.90 trillion last week, driven by a strong rally in domestic equities.The positive momentum came as benchmark indices posted solid gains during the week. The Sensex climbed 1,284.61 points, or 1.73 per cent, while the Nifty advanced 256.2 points, or 1 per cent.Market sentiment remained upbeat amid optimism over a possible peace agreement between the United States and Iran, which raised…
Pune, June 13 (IANS) Almost 10 days after a 48-year-old IT engineer of Tata Consultancy Services (TCS) allegedly committed suicide over harassment at his office in Pune’s Hinjewadi, the police are hunting for three of his colleagues named in his suicide note. A case of abetment to suicide has been filed with the police against the two women and the man who were named as harassers by Amit Abhay Brahme.Brahme died by suicide at his house on June 2. During the investigation, the police found a two-…
New Delhi, June 11 (IANS) Indian IT giant Tata Consultancy Services (TCS) on Thursday announced a global strategic partnership with US-based AI firm Anthropic and said it will enable 50,000 associates across functions to use Claude as part of its enterprise-wide AI adoption strategy.According to TCS, it will set up a dedicated business unit to deliver joint industry solutions and deep AI expertise on the Claude family of models through early access to Claude models.It further noted that the part…