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[hfe_template id='11223'] [ad_1] Following a 12% year-on-year (YoY) decline in Infosys' March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a 'Buy' rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India's second-largest IT services company by market capitalisation reported a consolidated profit after tax (PAT) of Rs 7,033 crore in Q4FY25, compared to Rs 7,969 crore in the year-ago period. The tier-1 IT services company reported Q4FY25 revenue of Rs 40,925 crore, up 8% from Rs 37,923 crore in the corresponding quarter of the previous financial year. Commenting on Infosys' January–March quarter results, Nuvama said the company's revenue decreased by 3.5% in constant currency on a quarter-on-quarter (QoQ) basis (+4.8% YoY), significantly below its estimate of a 1...

[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] Shares of Indian information technology companies fell sharply on Wednesday, with Coforge, Wipro and other major IT firms declining as much as 5.4%, amid a broader global equity sell-off triggered by renewed U.S.-China trade tensions. The Nifty IT index slid 2.4%, emerging as the biggest drag on benchmark indices, as investors reacted to Washington’s confirmation of steep 104% tariffs on Chinese imports, which are set to take effect after midnight. The tariff escalation, announced by former U.S. President Donald Trump, stoked fears of a protracted trade war and potential global stagflation, rattling equity markets across Asia and Wall Street. Shares of IT firms, which earn a significant portion of their revenue in U.S. dollars, including Coforge, Wipro, Mphasis, Tech Mahindra and Persistent Systems dropped between 3% and 5.4%. Other IT players like LTIMindtree, Infosys, HCL Technologies and Tata Consultancy Services declined between 1.5% ...

[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] As uncertainty in the domestic equity market looms, investors of IT stocks face a peculiar dilemma of choosing between stability and growth potential. An analysis of top 10 tech counters shows tier-1 (top 5 by m-cap) scrips witnessing a relatively less severe fall in 2025 while trailing tier-2 (next 5) stocks in terms of 1-year returns. Average returns of top 5 IT stocks - Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro and Tech Mahindra - on the year-to-date basis stand at negative 16% with the highest fall of 20% recorded in HCL Tech and the lowest fall of 13% in Wipro. Meanwhile, average 1-year returns of these stocks are at 4.4% with Tech Mahindra and Wipro remaining best performers with double-digit returns. In case of tier-2 stocks i.e. Oracle Financial Services Software (OFSS), Coforge, LTIMindtree, Persistent Systems and Mphasis, the average fall in 2025 so far stood at 22%. OFSS witnessed the steepest fall of 39...

[hfe_template id='11223'] [ad_1] The Indian equity market recently experienced a significant correction, declining 16% from its all-time high before staging a recovery last week. Historically, such downturns have been followed by strong rebounds, with markets reverting to their mean and surging to new highs over the long term. ETMarkets.com A closer look at past trends reveals that each market recovery has been led by different sectors, highlighting the importance of sectoral rotation in driving overall market performance. The historical performance of BSE sectoral indices reveals a clear pattern of sectoral rotation, providing valuable insights for investors to strategically position their portfolios for the upcoming financial year. Understanding the cyclicality of different sectors can help investors make informed decisions while managing risks effectively. The below chart shows financial year-wise sectoral returns of indices. ETMarkets.com Live Events ETMarkets.c...

[hfe_template id='11223'] [ad_1] India's IT sector rose nearly 2% on Tuesday, tracking overnight gains in U.S. tech stocks and global market relief after U.S. President Donald Trump signaled flexibility on planned tariffs, easing investor concerns over a potential trade war. Shares of all major Indian IT companies, which earn a significant portion of their revenue in U.S. dollars, advanced on the day. L&T Technology Services, Coforge, and Mphasis climbed between 1.4% and 2%, while Tata Consultancy Services (TCS), Persistent Systems, HCL Technologies, and Infosys added between 1.1% and 1.2%. Shares of LTIMindtree, Wipro, and Tech Mahindra rose by up to 1%. The gains in technology stocks helped lift sentiment across Indian markets. The NSE Nifty 50 was up 0.39% at 23,751.5 as of 9:15 a.m. IST, while the BSE Sensex gained 0.4%, reaching 78,296.28. All 13 major sectors logged gains at the open, with the broader small-cap and mid-cap indexes rising by about 0.7% each....

[hfe_template id='11223'] [ad_1] Accenture’s latest earnings punched a 7% hole in its immediate market value and simultaneously sapped the enthusiasm of investors in Indian IT – the nearly $260-billion globalized industry that has the second-highest Nifty weighting after banking and financials. At first glance, several of the concerns highlighted by the Accenture management seem to equally apply to Tata Consultancy Services (TCS), Infosys, or HCLTechnologies – local bellwethers that are also the traditional favourites of overseas investors shopping for risk assets in Mumbai. More importantly, uncertainty over a durable – and sanguine - resumption of discretionary expenditure in the US and Europe’s richer neighbourhoods continues to cast an unwelcome shadow over the prospects of the listed Indian technology pureplay, with several brokerages holding out lessons in caution from Accenture’s earnings. While the parallels with Accenture should not be ignored, it is instructive...

[hfe_template id='11223'] [ad_1] Despite a nascent recovery in Indian markets, it's important to highlight that foreign institutional investors (FIIs) have kept up their selling trend in the first two weeks of March. However, this was followed by an emphatic consensus that the sell-off is slowing, something which Indian investors can hang on to. With a little bit of help from the Fed, analysts say the trend could even reverse. Like the earlier month, the fortnight (ending March 15) sell-off affected nearly all sectors in the market, with the exception of metals. Metal stocks stood out as they attracted investments worth Rs 1,100 crore, making them the only sector to buck the trend. This was not the case in the preceding period. The worst-hit sectors of FII wrath were IT, FMCG, Auto, Financial, and Healthcare, as FIIs withdrew nearly Rs 19,000 crore ($2.2 billion) from stocks in these areas. The total outflows from Indian equities amounted to Rs 30,015 crore ($3.5 bil...

[hfe_template id='11223'] [ad_1] Indian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S. The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over 2% after global IT consultancy firm Accenture warned of reduced discretionary spending. Accenture shares fell 7.3% overnight. Among Sensex stocks, Infosys, TCS, HCL Tech, Zomato, and Tech Mahindra were the top laggards, falling up to 2.3%. On the other hand, Bajaj Finance, Nestle India, Sun Pharma, Power Grid, and NTPC opened with gains. Live Events In individual stocks, Ola Electric Mobility surged 5% in early trade after the company attributed discrepancies in its February sales data to a temporary backlog caused by ongoing negotiations with vehicle registration vendors. Meanwhile, the FTSE March semi-annual review...

[hfe_template id='11223'] [ad_1] India’s IT sector is in turmoil, with stocks plunging up to 33% from their peaks as mounting recession fears in the US, downgrades, and target price cuts rattle investors. The top 10 IT stocks have collectively lost Rs 88,000 crore in market value, dragging the Nifty IT index deep into bear territory. Tata Consultancy Services (TCS), India’s largest software services exporter, has seen its shares tumble nearly 23%, wiping out about Rs 3.7 lakh crore in investor wealth. Out of the top 10 IT stocks, eight are in a bear grip, including Infosys, HCL Tech, and Tech Mahindra. LTIMindtree has been the hardest hit, plunging 33%, while Wipro has fared the best among the lot but is still down 16%. While Q3 earnings offered a brief respite, the landscape has since darkened. Escalating tariff wars, stubborn inflation delaying U.S. Fed rate cuts, and rising recession fears have shaken investor confidence. The once-strong growth outlook for IT firms is...

[hfe_template id='11223'] [ad_1] Indian IT stocks tumbled on Tuesday, leading broader market losses, as fears of a trade war escalated after U.S. President Donald Trump reiterated that his proposed tariffs on Canada and Mexico would go into effect as planned. The Nifty IT index fell as much as 2%, with major players Infosys, Tech Mahindra, L&T Technology Services, and HCL Technologies sliding more than 2%. Shares of Persistent Systems dropped as much as 3%, while LTI Mindtree fell 3.3%. TCS declined nearly 1%, and Wipro lost 2.6%, as investors braced for the potential fallout of higher tariffs on global trade and economic growth. "Uncertainty unleashed by Trump is aggravating global trade," said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "If Trump’s tariff policy continues like this and soon starts impacting other countries, it will be bad for global trade and the global economy. India will not be spared." Trump...

[hfe_template id='11223'] [ad_1] Synopsis In the recent past, the landscape for IT sector stocks has changed. Five years ago, the emergence of machine learning and cloud computing marked a shift. And in the last one-and-half years, it is AI and other specialized segments that have sparked change. Smaller companies operating in these niche areas have demonstrated significantly stronger growth, even as industry giants like Infosys and Wipro have faced growth pressures. Investing in the not-so-much talked-about IT stocks may seem contrarian investing today. But it may pay off in the long term. The difference that management commentary can make was witnessed last Friday. While the market was reeling under cuts, there was one stock which was up and standing. Not because its Q3 numbers were good, but because the management commentary that came with the results reflected confidence about future growth. The stock was none other than TCS. IT has been a sector that has been reelin...

[hfe_template id='11223'] [ad_1] The Nifty50 Index has been trading within a narrow range in recent sessions, hovering around its 200-day EMA, currently positioned near the 23,700 mark. However, Thursday's session witnessed a surge in activity across Financials, IT, and Auto stocks, propelling the index to a robust gain of nearly 450 points, closing at 24,188.65. Volatility levels have declined, indicating a more stable market environment. The index has rebounded decisively from the 200-day EMA, reaffirming it as a critical mid-term support zone. “Improving market sentiment suggests the potential for further upside, with the Nifty likely targeting the 24,500–24,600 range in the near term,” said Sahaj Agrawal, Senior Vice President: Head of Derivatives Research at Kotak Securities. The Nifty50’s ability to sustain above its 200-EMA (23,700) remains pivotal for maintaining the bullish momentum. The technical setup suggests the possibility of further up move, he added. ...

[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...

[hfe_template id='11223'] [ad_1] "The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600. Immediate resistance is seen at 23,960–24,000. A decisive move above 24,000 could trigger a rally toward 24,500. On the downside, supports are placed at 23,750 and 23,550," De said. Factors that are likely to impact movement when markets reopen this week: Assembly Elections With the Bharatiya Janata Party led Mahayuti alliance sweeping Maharashtra, D-Street is expected to take the development positively when markets reopen. The alliance ended-up with 230 seats out of 288 which went to polls. In Jharkhand, JMM alliance wrested back the power, winning 56 out of 81 seats. Market experts hailed the Maharashtra results calling it favourable for the D-Street as Maharashtra is a large state and commercial capital of the country w...

[hfe_template id='11223'] [ad_1] Synopsis Infosys stock, after a recent dip, shows signs of recovery, bouncing back from its August lows. Analysts suggest a potential upward trend, with a possible target of Rs 2,000, contingent on maintaining its position above the Rs 1,800 mark. IT major Infosys remained range-bound for the past few weeks but managed to bounce back from its August lows, which correspond to the breakout zone after a 4-month consolidation.Short-term traders with a high-risk profile can consider buying the stock for a possible target of Rs 2,000, as long as it holds above Rs 1,800.The large-cap IT stock hit a high of Rs 1,990 on 15th October 2024 but failed to maintain the momentum. The stock then BY ETMarkets.com Nov 19, 2024, 10:00:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read it for free. Gifting Limit Reached! Hey , no more stories left for you to gift. No worries! You will get a limit of 15 stories n...