New Delhi, July 18 (IANS) The domestic equity market closed the week with modest gains, supported by upbeat corporate earnings and policy measures, even as investors remained cautious amid escalating geopolitical tensions in the Middle East and a sharp rally in crude oil prices.For the week, the Nifty advanced 127.4 points, or 0.5 per cent, while the Sensex gained 582.06 points, or 0.8 per cent, reversing the losses seen in the previous week.Investor sentiment remained guarded after the US Centr…
Latest Tech Mahindra News & Updates
New Delhi, July 18 (IANS) Tech Mahindra Chairman Anand Mahindra has dismissed concerns that artificial intelligence (AI) will undermine India’s IT services industry, asserting that the sector’s role will evolve and become even more significant as enterprises increasingly adopt AI at scale.Addressing shareholders at the company’s annual general meeting (AGM), Mahindra said every major technological shift has sparked fears about job losses and disruption, but AI should instead be viewed as a catal…
Mumbai, July 13 (IANS) Benchmark equity indices ended little changed on Monday, recovering from their intra-day lows as gains in information technology stocks helped offset weakness in FMCG and metal shares.The Sensex closed 47.01 points, or 0.06 per cent, higher at 77,616.40, while the Nifty edged up 4.10 points, or 0.02 per cent, to settle at 24,211.Commenting on Nifty technical outlook, experts said that the 24,300–24,400 region now stands as the immediate resistance zone, with the upper en…
New Delhi, July 12 (IANS) Union Commerce and Industry Minister Piyush Goyal will lead a high-level Indian business delegation on a five-day visit to Spain, Belgium and Finland from July 13 to 17, as India seeks to deepen its economic engagement with Europe through enhanced cooperation in trade, investment, technology, innovation and sustainability, it was announced on Sunday.The delegation will include leading Indian companies from sectors such as advanced manufacturing, clean energy, digital te…
Mumbai, July 10 (IANS) Indian benchmark equity indices opened sharply higher on Friday, tracking gains in global markets as a rally in chip stocks boosted investor sentiment, with information technology shares emerging as the biggest gainers.During early trade, the Sensex was trading 701.73 points, or 0.91 per cent, higher at 77,443.55. The Nifty advanced 200.85 points, or 0.84 per cent, to 24,162.25.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region is expected …
Mumbai, July 9 (IANS) Indian equity benchmarks advanced in early trade on Thursday despite renewed geopolitical tensions and a rebound in crude oil prices to the $80-a-barrel mark.Sensex surged as much as 0.32 per cent or about 250 points to hit an intraday high of 76,752 in morning trade, while Nifty climbed 0.20 per cent or 46.90 points to 23,928.95.Sectorally, Nifty Consumer Durables led the gains, rising 1.39 per cent, followed by Nifty Mid-Small Financial Services (0.95 per cent), Nifty Cem…
Mumbai, July 7 (IANS) Indian benchmark equity indices ended lower on Tuesday, snapping a four-session winning streak, as weakness in metal and realty stocks offset gains in information technology and consumer-focused sectors.The Sensex declined 104.35 points, or 0.13 per cent, to close at 78,180.72. The Nifty slipped 31.65 points, or 0.13 per cent, to settle at 24,398.70.Commenting on Nifty technical outlook, experts said that the 24,500–24,600 region remains the immediate and crucial resistan…
Mumbai, July 6 (IANS) Indian stock markets opened positively on Monday, supported by revival of monsoon, renewed foreign institutional investor (FII) buying, and softer crude oil prices.Sensex started the session at 77,940.90, up 176.99 points or 0.23 per cent, while Nifty opened at 24,306.85, gaining 36 points or 0.15 per cent.Among the sectoral indices, Nifty Realty was the top gainer, rising 0.86 per cent, followed by Nifty Metal which advanced 0.39 per cent.Healthcare-related indices also tr…
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…
Mumbai, July 1 (IANS) Domestic equity benchmarks traded higher on Wednesday in morning trade, tracking firm global cues, although concerns over a weak monsoon continued to weigh on the market outlook.Sensex jumped over 200 points or 0.28 per cent to hit an intraday high of 76,697.37 in early trade. Similarly, Nifty rose 70 points or 0.28 per cent to 23,934.90.Sectorally, buying was seen in media, auto, consumer durables, FMCG, IT, realty and pharma stocks. Nifty Media index gained over 1 per cen…