Year-to-date, KFin Tech shares have more than doubled, soaring over 126 percent, far outpacing the Nifty 50 benchmark's 15 percent rise.
Analysts believe that the internal appointment should help make transition smooth and should not be an area of concern for investors.
Windfall currency gains no longer translate into higher earnings for exporters, thanks to renegotiation clauses
Investors in Chinese tech shares, including Indian investors tapping the US market, are worried about the fate of these companies as they face stiff regulatory action by both the governments in China and the United States. There is no sign of these companies emerging from the political crossfire, although there is little doubt about their technological and business capabilities
Shares of the Google-parent and Microsoft fell about 8 percent in early trading. Meta Platforms Inc, which will report after markets close, was down 4 percent, while Amazon.com Inc lost 4 percent and Apple Inc 1 percent in the run-up to their results on Thursday
The chosen sectors are at variance with bets by foreign portfolio investors and domestic institutional investors.
IT companies have started announcing their results and their earnings forecast is expected to improve with the falling rupee against the USD. Here are the MF hot picks from midcap and smallcap IT sector
In today’s edition of Moneycontrol Pro Panorama: A steady stock bet, Weekly Tactical, Hikal’s green worry, Budget Chart of the Day, Herd Immunity Tracker, Personal Finance and more
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The optimism around US economy's growth and a strengthening dollar are signs that IT companies are going to give out a stellar performance in the long-term, says Mahesh Nandurkar, India Strategist at CLSA.
According to Ajay Srivastava of Dimensions Consulting the current correction could be because of a lot of unwinding in midcaps and smallcaps.
The Federal Reserve has inflated an asset bubble and that`s going to damp market returns, perma-bear Marc Faber, publisher of The Gloom, Boom and Doom Report, told CNBC Tuesday.
According to Dhiren Sarin, Technical Analyst, Barclays its not just the Nifty, but most Asian markets are looking vulnerable in the short-term.
In an interview to CNBC-TV18 Karun Mutha, HSBC Invest Direct shared his outlook on the futures and option market. He sees the Nifty trading in a tight range of 5,700-5,800 levels now. So, he suggested selling out of the money options.
Despite earnings disappointments and some wobbling by Apple, technology stocks remain the market's bedrock and likely safety valve should a summer swoon hit.
Sudarshan Sukhani of s2analytics.com continues to be bullish on Nifty and expects it to start with a gap. "If the gap is maintained and the market is cheerful, then in the afternoon a lot of good things can happen to the bulls," he told CNBC-TV18.
Global investors have gotten a bit more upbeat about stocks and are less fearful about the state of the global economy, even as they have become more wary of geopolitical risks, according to Bank of America Merrill Lynch`s monthly global fund managers` survey.
Amisha Vora, joint managing director, Prabhudas Lilladher, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, shared her views on how the market would pan out going forward and whether this is a right time to invest in technology stocks or not.
Market has witnessed a downturn on the first day of the week and all due to plunging tech stocks. Infosys fell 2% down, TCS lost 4% while HCL dipped by 2.5% dragging the indices down.
Midcap technology stocks are looking cheap, says Ramesh Damani, Member, BSE.