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[hfe_template id='11223'] [ad_1] The combined market valuation of seven of the top-10 valued firms surged by Rs 2.31 lakh crore (Rs 2,31,177.3 crore) in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer amid a largely optimistic trend in equities. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and ITC emerged as the gainers in the top-10 pack, Tata Consultancy Services, Bajaj Finance and Hindustan Unilever faced losses in their valuation. Last week, the BSE benchmark jumped 1,289.46 points or 1.62 per cent. Equity markets were closed on Thursday for 'Maharashtra Day'. The market valuation of Reliance Industries jumped Rs 1,64,959.62 crore to Rs 19,24,235.76 crore. Bharti Airtel's valuation surged by Rs 20,755.67 crore to Rs 10,56,029.91 crore. ICICI Bank added Rs 19,381.9 crore to Rs 10,20,200.69 crore in its valuation. The market capitalisation (mcap) of HDFC Bank rallied by ...

[hfe_template id='11223'] [ad_1] The combined market valuation of six of the top-10 valued firms soared by Rs 1,18,626.24 crore last week, with Tata Consultancy Services stealing the show with maximum gains. Last week, the BSE benchmark gauge climbed 659.33 points or 0.83 per cent, and the NSE Nifty went up by 187.7 points or 0.78 per cent. Reliance Industries Ltd, HDFC Bank, Tata Consultancy Services (TCS), State Bank of India, Infosys and ITC were the winners, while Bharti Airtel, ICICI Bank, Bajaj Finance and Hindustan Unilever took a hit in their valuation. The market valuation of TCS surged by Rs 53,692.42 crore to Rs 12,47,281.40 crore, the most among the top 10 firms. Reliance Industries added Rs 34,507.55 crore taking its valuation to Rs 17,59,276.14 crore. The market valuation of Infosys jumped Rs 24,919.58 crore to Rs 6,14,766.06 crore and that of HDFC Bank rallied by Rs 2,907.85 crore to Rs 14,61,842.17 crore. Live Events State Bank of India's market capit...

[hfe_template id='11223'] [ad_1] Investors' wealth got wiped out by Rs 8.88 lakh crore in two days of market slump due to profit-taking and growing tensions along the Indo-Pak border following the terror attack at Pahalgam in Jammu & Kashmir. On Friday, the 30-share BSE barometer tanked 588.90 points or 0.74 per cent to settle at 79,212.53. During the day, it dropped 1,195.62 points or 1.49 per cent to 78,605.81. In two days, the benchmark has lost 903.96 points or 1.12 per cent. The market capitalisation of BSE-listed firms declined by Rs 8,88,975.14 crore to Rs 4,21,58,900.91 crore (USD 4.93 trillion) in two days. Experts said worries over growing geopolitical tensions after Tuesday's Pahalgam terror attack weighed on market sentiment. "Benchmark indices extended losses on Friday in a volatile session on rising tensions between India and Pakistan in the aftermath of terror attack in J&K. Live Events "Investors also looked to book profits a...

[hfe_template id='11223'] [ad_1] Shares of Tata Consultancy Services (TCS) on Friday dropped 1% to Rs 3,212.10 on the BSE after the IT major reported a weaker-than-expected Q4 performance. Consolidated net profit for Q4FY25 declined 1.7% year-on-year to Rs 12,224 crore, falling short of the analysts’ estimate of Rs 12,650 crore. In the year-ago quarter, the net profit was Rs 12,434 crore. Revenue from operations rose 5.3% YoY to Rs 64,479 crore, also missing the ET NOW poll estimate of Rs 64,856 crore. Should you buy, sell, or hold TCS' stock? Here's what analysts say: Centrum Centrum upgraded TCS to ‘Buy’ with a revised target price of Rs 4,211 (down from Rs 4,589), valuing the stock at 25x FY27E EPS. While it flagged muted near-term demand due to macro and geopolitical uncertainties and slower client decision-making, it pointed to strong GenAI deal momentum as a key positive. Centrum sees margin tailwinds from better utilisation, pyramid optimisation, automatio...

[hfe_template id='11223'] [ad_1] Last week, benchmark indices Sensex and Nifty 50 dropped 2.6% each, with the Nifty closing at 22,904—slipping below the 23,000 mark amid a global sell-off triggered by US President Trump’s tariff measures and renewed fears of an economic slowdown. The broader markets also came under pressure, as the Nifty Midcap100 and Nifty Smallcap100 declined by 2% and 2.6%, respectively. IT stocks led the decline, plunging 9% on concerns of reduced US tech spending, while the Nifty Metal index tumbled 7.5% on fears of global trade disruptions. The auto and pharma sectors also registered losses of 3% each. “Nifty broke below the crucial support of 23,141 and went down to as low as 22,857. From the recent swing high of 23,869, Nifty has registered a fall of more than 1,000 points. The next support for Nifty is seen near 22,700, where the 61.8% retracement of the entire rally from 21,964 to 23,869 is placed. On the higher side, the previous support of 23...

[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] 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] Mumbai: IT major Tata Consultancy Services (TCS) led the rally in large-cap information technology shares, as investors were encouraged by the country's largest software exporter's commentary on the demand outlook after its third-quarter results. The Nifty IT Index gained 3.4% on Friday, led by a 5% jump in TCS shares. The company posted a 12% increase in net profit in the December quarter compared to the previous year. All 10 stocks in the Nifty IT Index closed higher. LTI Mindtree surged 4.6% while Tech Mahindra and HCL Technologies gained over 3.6% and 3.2%, respectively. Infosys and Wipro moved up 2.5% each. Infosys and HCL Tech are scheduled to announce their results next week. "The management commentary on improving demand outlook and deal cycle along with recovery in discretionary spending is a major positive from the TCS results that led to the uptick in the shares today," said Narendra Solanki, head, fundamental...

[hfe_template id='11223'] [ad_1] Shares of Tata Consultancy Services (TCS) will be in focus after the company announced that it has entered into an agreement with Isisekelo Sethu Trust to sell and dispose off 30% of shares worth Rs 28 crore (ZAR 60 million) held by TCS Africa in TCS SA to comply with the Broad-Based Black Economic Empowerment (B-BBEE) guidelines in South Africa. “We hereby inform that Tata Consultancy Services (Africa) (Proprietary) Limited (TCS Africa), a wholly owned subsidiary of Tata Consultancy Services Limited (TCS) and Tata Consultancy Services (South Africa) (Proprietary) Limited (TCS SA), a step down wholly owned subsidiary of TCS have entered into an agreement with Isisekelo Sethu Trust to sell and dispose off 30% of shares held by TCS Africa in TCS SA to comply with the Broad-Based Black Economic Empowerment (B-BBEE) guidelines in South Africa. Consequent to the above transaction, TCS SA will cease to be a wholly owned step-down subsidiary of ...

[hfe_template id='11223'] [ad_1] Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, or 1.59 per cent. The BSE benchmark Sensex jumped 1,961.32 points, or 2.54 per cent, to settle at 79,117.11 on Friday. The NSE Nifty soared 557.35 points or, 2.39 per cent, to 23,907.25. From the top-10 pack, Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards. The market valuation of HDFC Bank jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 36,036.15 crore to Rs 15,36,149.51 crore in its valuation. The valuation of ICICI Bank soared Rs 16,266.54 crore to Rs 9,01,866.22 crore and that of Infosys ...

[hfe_template id='11223'] [ad_1] Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors' sentiment in equities. Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. The 30-share BSE Sensex hit its lifetime high of 83,116.19 on Thursday. Bharti Airtel's valuation jumped Rs 54,282.62 crore to Rs 9,30,490.20 crore, becoming the biggest gainer among the top-10 firms. The market capitalisation (mcap) of ICICI Bank surged Rs 29,662.44 crore to Rs 8,80,867.09 crore. Tata Consultancy Services (TCS) added Rs 23,427.12 crore taking its valuation to Rs 16,36,189.63 crore. The mcap of Hindustan Unilever soared Rs 22,438.6 crore to Rs 6,89,358.33 crore and that of HDFC Bank zoomed Rs 22,093.99 crore to Rs 12,70,035.77 crore. The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore...

[hfe_template id='11223'] [ad_1] The combined market valuation of eight of the top-10 most valued firms surged Rs 1,53,019.32 crore last week, with Bharti Airtel and IT majors Infosys, Tata Consultancy Services emerging as the biggest gainers, in line with a record rally in equities. Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent. Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03. The market valuation of Bharti Airtel soared Rs 47,194.86 crore to Rs 9,04,587.12 crore. Infosys added Rs 33,611.37 crore taking its valuation to Rs 8,06,880.50 crore. The valuation of Tata Consultancy Services (TCS) jumped Rs 31,784.9 crore to Rs 16,46,899.17 crore and that of ICICI Bank surged Rs 18,734.3 crore to Rs 8,66,374.41 crore. The market capitali...

[hfe_template id='11223'] [ad_1] India's largest software services firm Tata Consultancy Services (TCS) reported a sequential 3.16% drop in net profit in the June quarter due to the impact of wage hikes for many of its 600,000-plus workforce and an unabated slowdown in demand. TCS posted a net profit of ₹12,040 crore, below analyst expectations but 8.7% up from last year. It reported revenue of ₹62,613 crore, up 5.4% from a year ago and 2.25% sequentially. The company didn't signal any significant uptick in technology services demand, which has hit an all-time low due to macroeconomic uncertainties and geopolitical strife that's impacted the US, the UK and Europe markets. ETMarkets.com Growth Driven by AI, Cloud, IoT Much of the incremental growth came from the Rs 15,000 crore deal with state-owned telco Bharat Sanchar Nigam Ltd (BSNL) signed last year that led to its India business showing a jump of 61.8% from the year earlier. While chief executive K Krit...

[hfe_template id='11223'] [ad_1] Mumbai: India's equity indices closed at fresh highs on Thursday, with Nifty and Sensex crossing the 24,000 and 79,000 milestones, respectively, for the first time, maintaining their bullish momentum since the election results earlier this month, amid high expectations from the budget after President Droupadi Murmu's speech in Parliament Thursday. Analysts said the sustained run-up in indices of late is part of the pre-budget rally, aided by renewed flows from foreign investors in June. The optimism, however, did not rub off on the broader market where there were more losers than gainers. The Nifty advanced 0.74%, or 175.70 points, to close at 24,044.5, after hitting a lifetime high of 24,087.45. Agencies The Sensex recorded a high of 79,396.03 before closing at 79,243.18, up 0.72%, or 568.93 points, over the previous day. Both indices have gained 9.9% since the election results on June 4 in a near-uninterrupted rally.“The markets...