HomeNewsBusinessStocksNifty IT dips over 2% as TCS misses Street estimate, Infy likely to put up a poor show
Trending Topics
Sensex Live
Fujiyama Power Systems IPO
Excelsoft Technologies IPO
Sudeep Pharma IPO
Gold Price

Nifty IT dips over 2% as TCS misses Street estimate, Infy likely to put up a poor show

TCS reported Q4FY23 earnings that missed street expectations, causing a 2% slump in the Nifty IT index, with TCS also trading down by 2%. The recent US banking crisis has resulted in estimate cuts by analysts and increased caution among investors for Indian IT companies that rely heavily on revenue from the BFSI sector, particularly from the US and Europe.

Suchitra Mandal
April 13, 2023 / 11:37 IST
Story continues below Advertisement
Remove Ad
Nifty IT drags down over 2% after TCS misses street estimates
Nifty IT drags down over 2% after TCS misses street estimates
Suchitra Mandal
first published: Apr 13, 2023 11:35 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Follow Us On: Facebook twitter instagram linkedin telegram youtube
News
Business New Market New Stocks Income Tax Calculator Election Schedule 2024 India News Economy Mutual Funds Personal Finance IPO News Startups New USA Elections New
Features
Gold Rate Today Silver Rate Today Trending News Startups New National News MC Videos MC You Tube
Tools
SIP Calculator 2 SIP Calculator 3 SIP Calculator 1 New SIP Calculator 4
Specials
PowerYourTrade Master Your Money Game Changers
Network 18 Sites
News18 Firstpost CNN News18 CNBC TV18 Forbes History TV18
Personal Finance
Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker Fixed Deposits Fixed Deposit Comparison Fixed Income Account Aggregator
Quick Links
About Us New Contact Us Advisory Alert New Advertise with Us New Disclaimer Privacy Policy Cookie Policy Terms & Conditions Careers Financial Terms (Glossary) Analytical & Information Tool New
Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.