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[hfe_template id='11223'] [ad_1] Indian benchmark equity indices reversed early gains to trade in the red for the second straight session on Friday, as investor sentiment turned cautious after a deadly terrorist attack on tourists in Kashmir heightened geopolitical risks. The BSE Sensex slumped over 1,100 points to trade below 78,700, while the Nifty50 dropped below 23,900 around 11:57 am. Earlier in the session, the Sensex had climbed to 80,130 and the Nifty had crossed the 24,350 mark. The market capitalisation of all listed companies on BSE declined by Rs 9.7 lakh crore to Rs 419.86 lakh crore. While recent policies by the Government of India and the Reserve Bank of India aim to boost GDP growth, geopolitical tensions and global trade issues are limiting the short-term benefits. Despite a seasonally strong quarter, Q4 earnings expectations are modest, with consensus EPS growth at just 8% YoY. "The initiatives by the Government of India and the RBI are focused on ...

[hfe_template id='11223'] [ad_1] Benchmark indices Sensex and Nifty jumped more than 2% on Tuesday due to positive global market cues after US President Trump announced a temporary tariff relief on phones, computers and popular consumer electronics. Focus will be on the key Q4 earnings including Wipro. Analysts expect positive momentum to continue in the market, on hopes of global trade settlements and softening in US reciprocal tariffs. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 101.50 points, or 0.43 per cent, at 23,283, signaling that Dalal Street was headed for negative start on Wednesday. Tech View: Support is placed at 23,300; a decisive break below this level could trigger a correction towards 23,000. Resistance is placed at 23,370 and 23,650. India VIX: India VIX, which is a measure of the fear in the markets, fell nearly 20% to settle at 16.12 levels. US stocks end lower US stocks ended s...

[hfe_template id='11223'] [ad_1] Indian stock exchanges NSE and BSE will remain shut for Ambedkar Jayanti on April 14. Accordingly, all the segments including derivatives and equities will be closed. After a hectic few days of volatility, traders will enjoy a much needed break as the current week will have only three sessions. Is MCX open for Ambedkar Jayanti? The multi commodity exchange (MCX) will be closed for the first half on April 14, while trading can be done in the second half. The MCX usually operates in two halves, where the first session will be from 9 am to 5 pm and the second half of the day will start from 5 pm and stay till 11:30 pm. Stock market holidays in 2025 Indian markets will be closed for a total 14 days during the current year for various festivals and other important occasions. In April, the market was already shut for Mahavir Jayanti. Further, Ambedkar Jayanti on April 14 and Good Friday on April 18 will also be closed for trading. During May, t...

[hfe_template id='11223'] [ad_1] Indian IT services stocks tumbled as much as 7% on Friday, extending their slide for a second straight session, as sentiment remained fragile following the U.S. administration's announcement of new reciprocal tariffs. Shares of tech majors, which earn a significant portion of their revenue in U.S. dollars, including Coforge, HCL Technologies, Tata Consultancy Services (TCS), Infosys, and Wipro slipped between 2-7%. The Nifty IT index dropped 3%, emerging as the biggest drag on benchmark indices for a second day in a row. The downturn in IT stocks began on Thursday following U.S. President Donald Trump's declaration late Wednesday of a 10% baseline tariff on all imports, with higher rates for countries with significant trade surpluses with the U.S. India was subjected to a 27% retaliatory levy, a rate lower than those imposed on China (34%), Vietnam (46%), and Bangladesh (37%). India’s IT sector has been reeling under pressure rece...

[hfe_template id='11223'] [ad_1] Shares of Infosys Ltd tumbled 5.5% on Wednesday, extending a two-day slide of over 8% that pushed the IT giant into bear market territory. The sharp decline has not only rattled investors but also erased Rs 6,875 crore from the notional wealth of co-founder Narayana Murthy and his family. At its session low of Rs 1,563.80 on Wednesday, Infosys shares were down nearly 22% from its 52-week peak of Rs 2,006.80, reached in December 2024. The stock’s latest slump follows brokerage downgrades amid growing concerns over slowing IT spending in the U.S. and macroeconomic headwinds. Murthy’s family, which collectively holds a 4.02% stake in Infosys, saw the value of their holdings shrink to Rs 26,287 crore as of Wednesday, from Rs 33,163 crore in mid-December. Murthy himself holds a 0.40% stake in Infosys, which was worth Rs 3,299.79 crore after the latest decline, down Rs 684 crore. His wife, Sudha Murty, owns a 0.92% stake, now valued at Rs 7,600...

[hfe_template id='11223'] [ad_1] Indian markets saw a much-needed rebound, gaining over a percent amid mixed cues. In today's trade, shares of Wipro, IRFC, TCS, Zydus Life, LIC Housing among others will be in focus due to various news developments. LIC Housing LIC Housing Finance said its board has given a nod to borrow Rs 1.23 lakh crore through loans, issue of bonds, and other instruments, in the next financial year. IRFC IRFC hopes to improve margins as it explores lending to non-railway projects. The newly christened Navratna public sector undertaking is actively exploring financing metro projects besides other infrastructure with linkages to the Indian Railways. Wipro IT services firm Wipro has launched TelcoAI360, an AI-first managed services platform to help telecom operators scale technology solutions while improving customer experience at reduced costs. Vimta Labs Vimta Labs appointed Siva Rama Krishna Kambhampati as CFO of the company with effect from March...

[hfe_template id='11223'] [ad_1] Brokerage firm Investec reiterates its cautious stance on Wipro, citing limited downside but potential capital allocation improvements, Axis Capital upgrades Infosys, driven by growth stability and efficiency gains. Meanwhile, Goldman Sachs maintains a bearish outlook on D-Mart, pointing to rising competitive pressures and limitations in market penetration. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Wipro: Reiterate Sell| Target Rs 290| LTP Rs 307| Downside 5% Investec has reiterated its "Sell" rating on Wipro, setting a target price of Rs 290, which reflects a downside of approximately 5% from the current market price of Rs 307.The brokerage anticipates an improved capital allocation strategy and enhanced shareholder payouts from the company. Given that Wipro holds a significant cash reserve of $6.1 billion, Investec believes that the company’s new capital alloc...

[hfe_template id='11223'] [ad_1] Short-term traders can look to buy the stock for a target of Rs 630-640 in the next 1-2 months, suggested experts. Synopsis The IT stock reached a peak of ₹580 in July 2024 but lost momentum, gradually declining toward its 21-week moving average on the weekly charts. This average has served as a key support level for the stock since August 2024. The renewed momentum pushed the stock to a high of ₹596 on November 27, 2024. By surpassing its July 2024 swing high in November, Wipro's stock has created an opportunity to advance further, potentially retesting the ₹600 level and beyond. Wipro Ltd witnessed a breakout after consolidating for almost 4 months to hit a fresh 52-week high in November, which has opened room for the stock to head higher.Short-term traders can look to buy the stock for a target of Rs 630-640 in the next 1-2 months, suggested experts.The IT stock hit a high of Rs 580 in July 2024 but failed to hold the momentum and ...

[hfe_template id='11223'] [ad_1] Shares of Indian IT companies came under pressure during Monday's trading session following comments from Federal Reserve Chair Jerome Powell on Thursday. Powell suggested that the U.S. Federal Reserve is likely to slow down interest rate cuts in the coming months, citing persistent inflation and the need to monitor its trajectory before making further decisions. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in a speech to business leaders in Dallas. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully." Powell emphasized that policymakers still view inflation as being "on a sustainable path to 2%," allowing the U.S. central bank to adjust monetary policy gradually without aiming to slow down the economy. Also Read: FPIs reduce pace of selling in Indian equities in two weeks of November However, the exact n...

[hfe_template id='11223'] [ad_1] Indian market is likely to consolidate on Thursday tracking mixed global cues. India VIX, the volatility gauge, surged 5.79% to close at 15.43 on Wednesday, indicating heightened caution. The Nifty future closed negative with losses of 1.10% at 23,696 levels. On the options front, the maximum Call OI is placed at 24,000 and then towards 24,500 strikes while the maximum Put OI is placed at 23,000 and then towards 22,500 strikes. Call writing is seen at 23,800 and then towards 24,000 strikes while Put writing is seen at 23,300 and then towards 22,800 strikes. “Options data suggests a broader trading range in between 23,200 to 24,000 zones while an immediate range between 23,400 to 24,800 levels,” Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL, said “Nifty formed a bearish candle on the daily frame on Wednesday and has been making lower lows from the last five sessions,” he said.“Now till Nifty holds bel...

[hfe_template id='11223'] [ad_1] Short-to-medium-term investors can look to buy the stock now for a target of Rs 650 in the next 2-3 months, suggested experts. Synopsis The IT stock climbed from Rs 381 on November 13, 2023, to Rs 570 on November 12, 2024, marking a 49.6% gain over the year. Riding this momentum, Wipro reached a 52-week high of Rs 583 on November 11, 2024. After testing the 100-DMA in August, the stock rebounded steadily, trading within an Ascending Channel pattern. IT major Wipro has been trading in an Ascending Channel line since August 2024 and the momentum helped the stock hit a fresh 52-week high in November, which suggests that bulls are here to stay.Short-to-medium-term investors can look to buy the stock now for a target of Rs 650 in the next 2-3 months, suggested experts.The IT stock rose from Rs 381 recorded on November 13, 2023, to Rs 570 on November 12, 2024, which translates into an upside of BY ETMarkets.com Nov 14, 2024, 10:01:00 AM IST Gif...

[hfe_template id='11223'] [ad_1] Domestic markets experienced volatility on Wednesday and ended down nearly half a percent amid mixed signals. In today's trade, shares of Tata Investment, Tata Power, L&T, Wipro, Biocon among others will be in focus due to news developments and second quarter results. Tata Investment Shares of Tata Investment will be in focus in Thursday's trade as the company will announce quarterly numbers for the July-September 2024 period. Tata Power The company reported a net profit (before exceptional items) of Rs 1533 crore in the September 2024 quarter, compared with Rs 1,017 crore in the year-ago quarter. This is an increase of 51% year-on-year. Read more: Here's the trade setup for today's session Godavari Biorefineries Ace investor Madhuri Madhusudan Kela on Wednesday bought 5 lakh shares in debutant Godavari Biorefineries through a block deal. Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Ku...