The Indian stock market opened flat on Tuesday as buying was seen in realty, media, IT, PSU bank, financial services and pharma sectors in early trade.
Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent. At the same time, Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent.
The market trend remained positive. On the National Stock Exchange (NSE), 1,525 stocks were trading in green, while 651 stocks were trading in red.
Nifty Bank wa...
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Steady revenue growth: Infosys reported increased in Q2FY25 constant currency revenue growth by 3.1%/3.3% QoQ YoY respectively. In rupee terms, revenue reached ?40,986 crore, marking a growth of 4.3% QoQ and 5.1% YoY. Dollar revenue stood at USD 4,894 million, up by 3.8% QoQ and 3.7% YoY. The growth was primarily driven by the manufacturing, energy, communications, financial services and high-tech sector. However, retail and life sciences sectors experienced a decline. Geographically, India a...
Accumulate Infosys Ltd For Target Rs.2,041 By Religare Broking Ltd
Revenue increased & above expectations: Infosys reported increased in Q1FY25 constant currency revenue growth by 3.6%/2.5% QoQ/YoY respectively. In rupee terms, revenue reached ?39,315 crore, marking a growth of 3.7% QoQ and 3.6% YoY. Dollar revenue stood at USD 4,714 million, up by 3.3% QoQ and 2% YoY. The growth was primarily driven by the manufacturing, energy, communications, high-tech, and life sciences sectors. However, the financial services and retail sectors, which contribute 41-...
Accumulate Infosys Ltd For Target Rs.1,931 By Religare Broking Ltd
As the Centre is set to present the Union Budget 2024-2025 on July 23, stock market experts bet big on four key sectors -- capital goods, defence, electronics system design and manufacturing (ESDM) and Tourism.
The market anticipates a continuation of last year's incentives, maintaining the status quo. A continued focus on infrastructure, including roads, railways, ports, airport expansions, defence, and tourism, is vital.
In the past week, Nifty has recorded a slight gain of ...
Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism
IT giant Infosys on Thursday reported a drop in headcount by 1,908 in the April-June quarter of the current fiscal (FY25).
The company’s Chief Financial Officer (CFO) Jayesh Sanghrajka said during the company's quarterly earnings call that they are looking to hire up to 20,000 freshers this year, depending on the growth.
The total headcount at the company was 315,332, down from 317,240 at the end of the March quarter. On a year-on-year (YoY) basis, the overall hea...
Infosys` headcount drops 1,908 in Q1 FY25, plans to hire 20,000 freshers as per growth
Karnataka government under fire from industrialists following the announcement of the proposed Bill reserving jobs for Kannadigas in the private sector, assured on Wednesday that the interests of both locals and industries would be protected.
Expressing dissatisfaction with the Bill, former Infosys CFO, Mohandas Pai posted on X, saying, "Indeed! It's discriminatory, regressive, and unconstitutional. As a tech hub, we need skilled talent. While local jobs are important, we ca...
Bill only advisory; interests of locals, industries will be protected: Karnataka minister
Indian equity indices opened in green on Friday following buying in largecap stocks. Sensex and Nifty made a new all-time high of 79,671 and 24,174 respectively.
At 10 a.m., Sensex was at 79,558, up 314 points or 0.40 per cent and Nifty was up 93 points or 0.39 per cent, at 24,137.
NTPC, Sun Pharma, Tech Mahindra, Tata Motors, Power Grid, Tata Steel, Nestle, Asian Paints, Infosys, HDFC Bank and JSW Steel are the top gainers. Whereas, UltraTech Cement, Axis Bank, IndusInd Bank, Mar...
Sensex at all-time high as largecap stocks lead
BSE Sensex fell 300 points on Friday, amid selling in heavyweight stocks.
BSE Sensex was trading at 74,310 points, down 300 points.
Bharti Airtel is down more than 1 per cent. L&T, Tech Mahindra, Nestle India, Maruti, Infosys were also trading in the red. Bajaj Finance is up more than 4 per cent after RBI lifted restrictions on some of its products.
Several sectoral indices including technology, private banks, capital goods, real estate are trading in the red. IT stock Coforge is...
Sensex down 300 points on selling in heavyweights
Muted growth, outlook unchanged
Infosys Limited provides IT consulting and software services, including ebusiness, program management and supply chain solutions. The Group’s services include application development, product co-development, and system implementation and system engineering. Infosys targets businesses specialising in the insurance, banking, telecom and manufacturing sectors.
• Infosys Limited posted Q4FY24 revenue of Rs. 37,923cr (+1.3% YoY), supported by growth...
Hold Infosys Limited For Target Rs. 1,573 - Geojit Financial Services Ltd
