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[hfe_template id='11223'] [ad_1] India’s tech titans, once the darlings of Dalal Street, are now limping into the Q4 results season bruised, battered, and bracing for more pain. With the Nifty IT index already down almost 30% from its peak, the sector is knee-deep in a bear market. And the bears are only getting hungrier. The March quarter results season begins today with Tata Consultancy Services (TCS) kicking things off, but the prelude to the earnings symphony has been anything but melodious, thanks to Trump’s tariff tantrums. Brokerages have gone on a downgrade spree, slashing target prices, cutting revenue estimates, and issuing cautious guidance—a loud signal that Q4 will likely be marred by seasonal weakness, a gloomy Europe, and growing clouds over US demand. “We expect largecaps to have a subdued quarter with all companies likely posting a sequential drop in revenues,” Nomura said, adding that it expects QoQ (quarter-on-quarter) constant currency revenue decline...

[hfe_template id='11223'] [ad_1] The Q3FY25 earnings season has concluded, and as we have done previously, we will analyze the key trends and sectoral performance. This quarter presented a mixed performance, with some sectors continuing their growth momentum while others lagged. Nifty 50 posted a 7% YoY growth; however, PAT growth remained resilient at 16% YoY, highlighting expanding margins and improved profitability. Similar to the previous quarter, the pharma and realty sectors demonstrated strong performance, driven by robust demand and enhanced operational efficiencies. Meanwhile, sectors such as energy and infrastructure continued to face headwinds in income growth.Revenue growth remained below the average YoY compared to the past four quarters, reflecting a moderate slowdown in expansion. However, profitability remained strong, indicating that margin expansion helped offset the impact of slower revenue growth. ETMarkets.com For market participants, these trends pr...

[hfe_template id='11223'] [ad_1] After suffering a brutal selloff in the week before this one, the Nifty spent the truncated week struggling to stay afloat just below the key resistance levels. With just four working days, the Nifty resisted each day to the 200-DMA and failed to close above that point. The trading range got much narrower, and the Nifty oscillated in just 291.65 points before closing with a minor gain. The volatility also cooled off as compared to the previous week. Against the surge of 15.48%, this week saw India VIX declining by 12.17% to 13.24. Following strong consolidation, the headline index closed with a modest weekly gain of 225.90 points (+0.96%). ETMarkets.com From a technical perspective, we are now at a very crucial juncture. On the one hand, the Nifty has closed below the 200-DMA placed at 23,861. On the other hand, the Index is just above the 50-week MA at 23,568. Rounding off, this puts Nifty in a very fragile range of 23,860-23,500. The Ni...

[hfe_template id='11223'] [ad_1] The Nifty IT index reached a record high on Tuesday, climbing over 1.4% to 44,240, with all 10 of its constituents in the positive. As of 10:05 a.m. on Tuesday, the index was trading at 44,201, reflecting a 1.34% increase. Infosys led the pack, rising 2.4%, followed by LTIMindtree, Tech Mahindra, LTTS, Wipro, Persistent Systems, and HCL Tech, which all saw gains between 1% and 2%. Despite significant selling pressure across the broader market in November, the Nifty IT index has outperformed, rising more than 9% this month alone. On a year-to-date basis, the index has surged 23.7%, compared to an 11.5% rise in the Nifty 50. Several factors are driving this rally. The potential end of the US Federal Reserve's interest rate hikes and lower-than-expected inflation have improved sentiment for the IT sector. Investors are anticipating a rebound in corporate tech spending, which is vital for Indian IT firms, as the US is their largest market...