It Index News

Markets

Nifty IT index slips 2.90% to hit a 9-week low; TCS shares drop by 4.3%

The Nifty IT index plummeted by 2.90% to 35,808 points during the session, marking a significant decline to reach a 9-week low. This fall pushed the index to correct 7.13% from its 2024 high of 38559 points.

2 min read19 Mar 2024
Technology

IT firms may revise guidance upward in second half of FY24

Infosys, the second-largest IT services firm, projected revenue growth guidance of 4-7% for FY24

5 min read30 Apr 2023
Technology

India IT services biz set to sink to three-year lows in March qtr

The industry’s woes are chiefly driven by a slowdown in business from the BFSI sector

3 min read9 Apr 2023
Markets

Infosys shares surge most in four months on strong Q1 earnings

Infosys helped the BSE IT Index settle at an all-time high of 17,194.49, up 4.14%Infosys closed 9.6% higher to ₹910.90 on the BSE, the biggest gain since 24 March

2 min read17 Jul 2020
Markets

GFC experience shows mid-cap IT firms to be hit more from covid-19

Mid-cap IT stocks have dropped 28-42%, compared to 23-25% fall in TCS and Infosys sharesHigher client concentration and greater exposure to discretionary spends put them at risk

2 min read3 Apr 2020
Markets

After a strong run in 2019, a sober year awaits the Indian IT services industry

Performance over the past year shows IT companies are withstanding the market changes betterOutperformance of the NSE IT index waned since September, partly because the govt’s tax cuts did not benefit IT firms

2 min read30 Dec 2019
Markets

Reality check for IT stocks as global slowdown worries take centre stage

IT stocks have underperformed ever since the broader markets started rallying in FebruaryRising headwinds to global economy and its impact on IT services demand need to be factored in

2 min read29 Mar 2019
Markets

HCL Technologies’ December quarter growth rebound should please investors

Revenues in constant currency terms increased 5.6% on a sequential basisHCL Tech reported a 30 basis point contraction in profit margins to 19.6%

2 min read30 Jan 2019
Market

Tech stocks ride high on lower rupee in 2018

IT stocks gained 24.93% compared to Sensex's 5.91% risebest in 5 years

2 min read7 Jan 2019
Market

Challenges lurk for Indian IT companies before growth acceleration

An analysis of financials of end clients of IT firms by Nomura Securities indicates a status quo demand environment, rather than any suggestion of a ramp-up in IT spends

1 min read5 Dec 2018
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles