Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings.
Infosys
Infosys, TCS End Year With Record Hiring And Record Attrition
India’s top two software services companies each added more employees on a net basis in the January to March quarter than they often have in past full years. Ironically, the employee churn numbers are also at their highest ever.
Realinace, HDFC, Infosys top Sensex losers
Tech Mahindra, Infosys, Wipro, Bajaj Finance, HCL Tech, Housing Development Finance Corporation (HDFC), Titan Company, Dr Reddy’s. Reliance Industries Ltd, Bharti Airtel were all top Sensex draggers.
Wipro Hits Record As Brokerages Raise Target Prices After Q2 Beat
Wipro Ltd. shares rose as much as 7.6% to Rs 723.9 in early trade, before paring gains, as brokerages raised their target prices after the company’s September quarter earnings beat estimates.
Stocks For Today: ONGC, Infosys, TCS, Jindal Steel, SBI Life, UCO Bank, BASF India
Business News Today Stocks For Today: India’s stock benchmarks closed little changed on Wednesday after fluctuating between gains and losses in a volatile session, as gains in banking, consumer durables and power stocks were offset by losses in I.T., telecom and auto stocks.
Stocks to Watch: State Bank of India, IndiGo, Infosys, Nestle India
Infosys: The Schall Law Firm, a shareholder rights litigation firm based in Los Angeles has announced the filing of a class action lawsuit against Infosys Limited. It alleged that Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA)
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA) Technical Power of CFA’s(CHARTRED FINANCE ANALYST)“No Magic, No Miracle, Just Power of Level”Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical TeamMobile No. 9582247600 & 9899900589
Infosys Q2 Earnings Today: Five Things to Watch out For
Infosys Q2 Earnings Today : Five Things to Watch out For — The second largest IT player by revenue, will report its second quarter results on Tuesday. All eyes will be on any revision in revenue growth guidance for FY19, outlook on BFSI space, performance of digital vertical and upward estimate in margins, if any, in the wake of rupee depreciation.
Gold Price Maintains Uptrend on Global Cues, Jewellers’ Buying
Gold Silver Reports (GSR) – In the national capital, gold of 99.9% and 99.5% purity advanced by ₹130 each to ₹30,970 and ₹30,820 per 10 grams, respectively. The precious metal had gained ₹40 in the last two days. Sovereign, however, remained unchanged at ₹24,700 per piece of eight grams.
Sensex, Nifty Open Higher Led By Reliance Industries
Gold Silver Reports (GSR) – Sensex, Nifty Open Higher Led By Reliance Industries – Indian equity benchmarks recovered from two days of losses and opened July series higher led by Reliance Industries….., State Bank of India and Infosys. The S&P BSE Sensex rose 0.44 percent or 156 points to 35,190 and …