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…
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Mumbai, July 17 (IANS) Domestic equity markets traded higher in the morning session on Friday, with benchmark indices gaining around half a per cent each despite weak global cues, led by buying in IT and auto stocks.In early trade, Sensex climbed 363 points or 0.47 per cent to 77,550, while Nifty advanced 100 points or 0.43 per cent to 24,176.Sectorally, IT stocks led the gains, with the Nifty IT index surging nearly 2 per cent, followed by Nifty Auto, which rose 0.83 per cent, and Nifty Private…
Mumbai, July 16 (IANS) IT major Wipro on Thursday reported a decline in its net profit for the first quarter of FY27, with consolidated PAT declining over 4 per cent sequentially despite a marginal rise in revenue.The company’s consolidated net profit declined 4.7 per cent quarter-on-quarter (QoQ) to Rs 3,352 crore in the April-June quarter, although PAT was flat from a year ago.Meanwhile, gross revenue rose 1 per cent sequentially and 10.6 per cent year-on-year (YoY) to Rs 24,480 crore.At the o…
Mumbai, July 14 (IANS) IBM shares plunged 23 per cent in pre-market trading on the New York Stock Exchange on Tuesday after the technology giant reported preliminary second-quarter results that fell short of market expectations, triggering a broad sell-off across software and IT services stocks.The sharp decline erased nearly $55 billion from IBM’s market capitalisation and, if sustained through the trading session, would mark the company’s steepest intra-day fall since the 1980s.International B…
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 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…
Bengaluru, June 30 (IANS) India’s global capability centre (GCC) ecosystem is well-positioned to drive the country’s next phase of innovation-led growth by partnering with startups, incubators and young innovators, Atal Innovation Mission (AIM) Mission, Director Deepak Bagla said on Tuesday.Speaking at the GCC Conclave — organised by AIM, NITI Aayog, in partnership with the Software Technology Parks of India (STPI) — on Innovation 2026 here, Bagla highlighted the growing role of GCCs in India’…
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…
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…