Many S&P industries are performing poorly, but outsized gains in tech stocks are making the market look better than the underlying trends reveal, TradingAnalysis.com founder Todd Gordon told CNBC on Tuesday. The S&P 500 index and the Nasdaq composite on Monday closed at record highs, while the Dow Jones industrial average broke a four-session losing streak and rose to within ... Read More »
The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks. The index has been on a record-breaking rally – helped by largely positive data and strong earnings – and hit an intraday high for the seventh time in July on ... Read More »
Has the Twitter success story run its course? That’s the question being posed on Wall Street after Twitter reported disappointing revenue growth in the first quarter of 2016 recently. In the first quarter, Twitter reported $595 million in revenue, well below the $607.8 million that analysts were expecting. The company added 5 million users, but fell short of the growth that ... Read More »
Overall, for the Indian IT sector, Bank of America Merrill Lynch sees the earnings of Indian outsourcers to get impacted due to Brexit. More From Market HCL Tech Allots 84,000 Shares Under 2004 Stock Option Plan Rupee Hits 1-Week High Of 67.08, Gains 9 Paise Vedanta Sweetens Terms For Cairn India Merger Cairn India Surges 12% To 52-Week High Federal ... Read More »
IT stocks nosedived on Friday after Britain voted to exit European Union leading to over 10 per cent slump in the British pound against the dollar. The IT sub-index on Bombay Stock Exchange plunged as much as 4 per cent. The pound collapsed to a 31-year low and went into a freefall on Friday after Britain voted to leave the ... Read More »
IT stocks gained on Monday after rupee fell nearly one per cent to an intraday low of 67.70 against the US dollar. HCL Tech was up as much as 4 per cent to be the top gainer in the Nifty50 index, while Tech Mahindra, TCS and Infosys were all up over 1.5 per cent each. Three out of the top ... Read More »
Noida-primarily based HCL Tech missed sales increase and profit estimates in its 0.33 region extra From market Biocon Hits fifty two-Week excessive On fantastic Trial results Of cancer Drug Bharti Airtel shares Tumble As Reliance Jio Gears Up For launch Excel Crop Care Hits 52-Week excessive On Sumitomo Chemical’s Open offer Adani institution shares Fall, Adani Ports Leads Losses Sensex ... Read More »
New Delhi: Mutual finances ramped up their allocation for IT stocks to over Rs forty,000 crore at the give up of April in view of a weakening rupee, which adds to IT exporters’ profitability. In comparison, fairness fund managers’ deployment in software stocks turned into Rs 34,100 crore in April 2015. consistent with enterprise specialists, fund managers have been elevating ... Read More »
Tech Mahindra stocks rallied almost eleven per cent to 52-week excessive on Wednesday as traderscheered the IT foremost‘s q4 income. Tech Mahindra finished FY16 with 12.7 according to cent constantcurrency growth, better than 12.three consistent with cent boom for the IT enterprise. Tech Mahindrawas the top Nifty50 gainer today. right here are the motives for the sharp rally in Tech ... Read More »
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