NDA victory may power further rally in markets: Sudip Bandyopadhyay
Apr 24, 2014 at 14:41 | Source:
In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities, shares his views on the market, certain sectors and stocks. Excerpts: ET Now: What is your view on the Nifty, which seems to be breaking one record after another? What do y...
Is it time to revisit IT stocks? BSE IT index drops over 10% since March
Apr 24, 2014 at 14:11 | Source:
NEW DELHI: The BSE IT index which rallied close to 60 per cent in the calendar year 2013 failed to pick steam in 2014, as muted results, rich valuations, slowdown in demand environment capped gains of most of the frontline IT names. The BSE IT index ...
Sensex ends 118 pts up, makes new closing high of 22,876; top bets
Apr 23, 2014 at 15:56 | Source:
The Nifty extended its intraday gains and closed the April series at an all-time closing high aided by sustained inflows from foreign institutional investors. The 50-share index ended at all-time closing high of 6,848.90, up 33.50 points or 0.49 per...
Tech Mahindra bags deal from New Hampshire's motor vehicles division
Apr 23, 2014 at 12:42 | Source:
NEW DELHI: IT firm Tech Mahindra said it has inked a pact with New Hampshire's Division of Motor Vehicles (DMV). Tech Mahindra, under the multi-million dollar deal, will implement its Motor Vehicle Enterprise System (MOVES) to replace and modernise N...
Tech Mahindra acquires big data start-up FixStream Networks
Apr 22, 2014 at 05:17 | Source:
BANGALORE: India's fifth-largest IT services company Tech Mahindra has acquired US-based big data analytics startup FixStream Networks for around Rs 60 crore. Tech Mahindra has informed the Bombay Stock Exchange, that it will acquire 75 per cent stak...
IT Industry will continue to enhance shareholders value
Apr 19, 2014 at 16:56 | Source:
By D K Aggarwal During the financial year 2014 Indian rupee witnessed steep decline against dollar and the key beneficiary was the IT industry which reported improved earning in rupee terms. Their performance got reflected on the bourses too, where t...
IT stocks pushing markets lower; Infosys, Wipro top Sensex losers
Apr 16, 2014 at 13:51 | Source:
NEW DELHI: The S&P BSE Sensex took a sudden plunge in afternoon trade, falling over 130 points in trade on Wednesday, led by losses in IT, realty, capital goods, power and healthcare stocks. Infosys which managed to hold gains in the previous sessio...
Maintain slightly positive view on IT pack: Mahesh Patil, Birla Sunlife MF
Apr 15, 2014 at 21:27 | Source:
In an interview with ET Now, Mahesh Patil, Co-Chief Investment Officer, Birla Sunlife MF, gives his sectoral call. Excerpts: ET Now: Your equity fund has done really well compared to the benchmark on a year to date basis, almost doubling the gains th...
TCS rallies over 4% ahead of Q4 results, top Sensex gainer
Apr 15, 2014 at 16:26 | Source:
NEW DELHI: Tata Consultancy Services Ltd rallied as much as 4.4 per cent in trade on Tuesday as compared to 0.6 per cent fall seen in the BSE Sensex. The move came ahead of its results for the quarter ended March 31 which are due on Wednesday. Infos...
Momentum broken, more pullback seen in the banking stocks: Mitesh Thacker
Apr 15, 2014 at 16:26 | Source:
In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on the market outlook. Excerpts: ET Now: How are you approaching trade today particularly also on the CNX IT and what are the specific names that you are r...
Infosys' stock to really pick up post restructuring: Manish Sonthalia
Apr 15, 2014 at 10:56 | Source:
In a chat with ET Now, Manish Sonthalia, Sr. VP & Head - Equity Portfolio Management Services, Motilal Oswal Asset Management, shares his views on Infosys. ET Now: Not a table thumping number but clearly much above what the street or most bullish ana...
Beaten down IT stocks stage a pullback ahead of Infosys results on Tuesday
Apr 11, 2014 at 16:36 | Source:
MUMBAI: Shares of IT companies, which have been witnessing selling pressure over the past one week, eventually bounced back ahead of Infosys results on Tuesday. IT majors such as Infosys and TCS have already announced that the Jan-March quarter will...
Jittery investors turn sellers in IT sector ahead of earnings
Apr 11, 2014 at 14:06 | Source:
MUMBAI: The churning of portfolios from defensives to cyclicals in hopes of economic revival is having its toll on the IT sector. An appreciating rupee and comments from Infosys and TCS management of a tough quarter are also making things difficult. ...
Tech Mahindra sets up delivery centre in Belgium
Apr 09, 2014 at 04:42 | Source:
NEW DELHI: IT services firm Tech Mahindra today said it has set up a new 120-seater delivery centre in Antwerp, Belgium, a move aimed at strengthening its operations in the European region. Following the recent opening of a delivery centre in Dussel...
Top Indian IT cos like TCS, Infosys may report muted Q4 nos: Analysts
Apr 07, 2014 at 03:31 | Source:
NEW DELHI: Top Indian IT firms like TCS and Infosys are likely to report muted fourth quarter performance tempered by a seasonal weak quarter, analysts said. While analysts expect Q4 results for the tech firms to be "modestly" above expectations, th...