GAGA Share Market News

[hfe_template id='11223'] [ad_1] In a quarter marked by market jitters, Trump tariff tantrums, and valuation vertigo, India’s high net-worth individuals (HNIs) showed they’re not shy about taking bold bets but they’re also not afraid to pull the plug. Data from Prime Database reveals that HNIs poured over Rs 760 crore into battered Swiggy shares, Rs 248 crore into Eternal (earlier known as Zomato), Rs 342 crore into Jio Financial Services during the March quarter, even as they aggressively exited darlings like Nykaa and Premier Energies. This frenzy of rotation wasn’t without broader implications: the total value of HNI holdings in NSE-listed companies fell by a staggering Rs 1.02 lakh crore, dropping to Rs 8.07 lakh crore as of March 31, 2025, an 11.27% plunge from the previous quarter, according to the data. Their shareholding by value shrank to 1.98% from 2.09% in just three months. The numbers clearly suggest that HNIs used the quarter to book profits and rotate capi...

[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] Even as Trump’s tariff tantrums dominate headlines, the biggest storm brewing for Dalal Street might not be coming from Washington—but from India Inc’s balance sheets. And unlike policy tweets, poor profits have a longer shelf life. The March quarter earnings season kicks off tomorrow, a market holiday though, with IT bellwether TCS announcing its numbers, and it couldn’t come at a more fragile time. After a nerve-rattling week driven by global fearmongering, Nifty bulls must now contend with the one force that truly steers stock prices—earnings. In the last few days, the market has been making sharp swings on the basis of any news—or even a rumour—around the trajectory of reciprocal tariffs by Trump. But with earnings taking the spotlight, the stage is set for what could be a harsh reality check. Motilal Oswal said the Q4 earnings remained essentially unchanged from previous quarters, with Nifty earnings growth expected at just 2% YoY. K...

[hfe_template id='11223'] [ad_1] After a week-long consolidation phase, Indian equity markets saw a sharp downturn, with benchmark indices slipping over 2.5%, dragged primarily by weak global cues and renewed concerns over a trade war. This week is packed with key domestic and global triggers. With tariff-related tensions escalating, global investors will closely track any further developments on that front. Back home, the MPC meeting outcome on April 9 will be a major focus, followed by key macroeconomic indicators—IIP and CPI data—due on April 11. Adding to the action, the Q4 earnings season kicks off with IT giant TCS set to announce its results on April 10. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a gap-down start GIFT Nifty on the NSE IX traded lower by 830.50 points, or 3.62 per cent, at 22,130.50, signaling that Dalal Street was headed for gap-down start on Monday. Tech View: Sentiment remains weak, and a further decline from the current level ...

[hfe_template id='11223'] [ad_1] Indian benchmark indices traded lower on Tuesday, weighed down by banking and IT stocks, amid uncertainty over Donald Trump’s upcoming tariff announcement. The BSE Sensex was trading 1,218 points, or 1.57%, lower at 76,201. The Nifty50 was down 327 points, or 1.39%, trading at 23,192 around 11:53 am. From the Sensex pack, IT stocks like Infosys, TCS, and HCL Tech were trading in the red. Bajaj Finance, HDFC Bank, Bajaj Finserv, and Titan also saw declines, while IndusInd Bank, M&M, Power Grid, Bharti Airtel, and NTPC opened higher. Among individual stocks, Hindustan Aeronautics Ltd (HAL) shares rallied 7.5% after the company signed a Rs 62,700-crore contract with the Ministry of Defence for the supply of 156 Made-in-India Light Combat Helicopters (LCH) Prachand for the Indian Army and Air Force. Meanwhile, HBL Engineering shares jumped 9.2% after winning Rs 762.56-crore contracts from Central Railway for Kavach implementation. Live E...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 256 points, or 0.33%, lower at 77,361. The Nifty50 was up 67 points, or 0.27%, trading at 23,524 around 9:38 am. Foreign portfolio investors (FPIs) bought Indian shares worth Rs 11,111 crore on Thursday, the highest for a day in six months, provisional data showed. FPIs have been buying in India for six straight sessions after an intense sell-off from late September 2024 when benchmark indices hit lifetime highs. From the Sensex pack, M&M, Infosys, Power Grid, Sun Pharma, HCL Tech, and TCS were the top laggards, declining up to 3.5%. On the other hand, HUL, Nestle India, Kotak Bank, Tata Motors, Asian Paints, and Tata Steel opened with gains. Live Events Among individual stocks, BSE Ltd....

[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] Indian benchmark equity indices traded flat on Wednesday as gains in metal stocks, following the government's recommendation of a temporary tax on certain steel imports, offset losses in IT stocks ahead of the Federal Reserve's policy decision. The BSE Sensex was trading 34 points, higher at 75,335. The Nifty50 was up 15 points, trading at 22,849 around 9:45 am. From the Sensex pack, Tata Steel, Zomato, NTPC, IndusInd Bank, SBI, and Bajaj Finance were the top gainers, rising up to 2%. Meanwhile, TCS, HCL Tech, Infosys, and Tech Mahindra opened lower. Tata Steel and other metal stocks surged after the Directorate General of Trade Remedies (DGTR) recommended a 12% safeguard duty on the import of certain steel products. CLSA said that the duty and domestic prices in line with import parity will add to the multiple positive catalysts for the sector, such as improving demand outlook due to China stimulus hopes and a rise in capex in Eu...

[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 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] As the Nifty recorded its worst February month since the Covid, falling by 6%, heavyweight sectors IT, auto and pharma were hit by Trump led worries and the stocks in the three sectors plunged up to 33% during the month. While tech stocks’ decline rode on the fears of economic slowdown in the US, Tesla’s entry into India is making the auto counters edgy. Pharma sector’s woes hinged on reciprocal tariffs. A price analysis of the stocks in the aforementioned sectors reveals the rout. At the index level, Nifty IT is the worst performer in February with 11% monthly fall and all the 10 stocks saw their share price erode in the month gone by. The auto sector benchmark Nifty Auto declined 8% over a month while the Nifty Pharma is down 5%. IT stocks performance snapshot Midcap IT counter Mphasis has fallen by 22% and is followed by LTIMindtree and Tata Consultancy Services (TCS) which are down by 18% and 14%, respectively. Others like Coforge, L...

[hfe_template id='11223'] [ad_1] Indian blue-chip equity indices, Sensex and Nifty50, fell on Friday, dragged down by drops in IT company Infosys and private lender Axis Bank following their quarterly results. The BSE Sensex was trading 430 points, or 0.56%, lower at 76,612. The Nifty50 was down 112 points, or 0.48%, trading at 23,199 around 12:10 am. Why is the stock market falling today? 1) Decline in IT stocks The market's decline was largely driven by a fall in IT stocks, with the Nifty IT index dropping by 2.5%. Infosys led the downturn, falling 6%. Although it beat quarterly revenue estimates, Morgan Stanley noted that the higher component of third-party items in its deal pipeline "raises concerns over the quality of results." Infosys alone contributed 366 points to the overall decline in the Sensex, with other IT stocks, including TCS, LTIMindtree, and Persistent Systems, also experiencing losses of up to 3%. 2) Banking stocks plunge Banking stocks, ...

[hfe_template id='11223'] [ad_1] Indian blue-chip equity indices, the Sensex and Nifty50, reversed their early gains and traded in the red on Friday. While IT stocks gained after TCS met its quarterly profit estimates, the gains were offset by declines in index heavyweight Reliance Industries and banking and financial stocks. The BSE Sensex was trading 217 points, or 0.28%, lower at 77,403. The Nifty50 was down 79 points, or 0.34%, trading at 23,447 around 9:41 am. From the Sensex pack, TCS, Tech Mahindra, Infosys, HCL Tech, and M&M were the top gainers, rising by up to 5% in early trade. Meanwhile, IndusInd Bank, NTPC, Zomato, Power Grid, and SBI opened lower. Tata Consultancy Services posted roughly in-line third-quarter results, marking the start of the earnings season. The company also provided encouraging signs about the revival of client spending, particularly in the key U.S. market, as expected by the street. Meanwhile, IndusInd Bank dropped over 2% and became...

[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] Indian headline equity indices scaled higher for the fifth consecutive day on Thursday, driven by gains in the index heavyweight Reliance Industries and IT stocks, with investors awaiting the Reserve Bank of India's (RBI) rate decision on Friday. The BSE Sensex surged 1,300 points to trade above 82,200. Meanwhile, Nifty50 was above 24,800 level. TCS, Infosys, Bharti Airtel and Titan were among the top Sensex gainers. commentary will likely be crucial for markets following the sharp growth slowdown in the September quarter. Analysts have also highlighted the growing possibility of the domestic central bank reducing the cash reserve ratio (CRR) – the portion of cash reserves that banks must maintain with the RBI and can use to ensure liquidity in the economy – from 4.5% to 4%. Among individual stocks, Indraprastha Gas (IGL) rose as much as 4% after the company announced plans to propose a bonus share issue during its upcoming board meet...

[hfe_template id='11223'] [ad_1] IRFC Share Price 146.09 10:06 AM | 19 Nov 2024 7.81(5.65%) Suzlon Energy Share Price 62.22 10:06 AM | 19 Nov 2024 2.97(5.0%) IREDA Share Price 192.25 10:06 AM | 19 Nov 2024 4.73(2.53%) Tata Motors Share Price 788.95 10:06 AM | 19 Nov 2024 17.06(2.21%) YES Bank Share Price 19.71 10:06 AM | 19 Nov 2024 0.43(2.24%) HDFC Bank Share Price 1724.2 10:06 AM | 19 Nov 2024 19.11(1.13%) NHPC Share Price 79.67 10:06 AM | 19 Nov 2024 1.52(1.94%) RVNL Share Price 428.85 10:06 AM | 19 Nov 2024 12.66(3.04%) SBI Share Price 816.05 10:06 AM | 19 Nov 2024 1.75(0.22%) Tata Power Share Price 416.3 10:06 AM | 19 Nov 2024 11.61(2.87%) Tata Steel Share Price 141.8 10:06 AM | 19 Nov 2024 0.6(0.42%) Adani Power Share Price 536.0 10:06 AM | 19 Nov 2024 9.15(1.74%) PayTM Share Price 810.5 10:06 AM | 19 Nov 2024 26.61(3.4%) PNB Share Price 103.19 10:06 AM | 19 Nov 2024 2.66(2.65%) Zomato Share Price 271.16 10:06 AM | 19 Nov 2024 0.38(0.14%) BEL Share Price 283.2 10:0...