Daily Market Commentary - Dec 22, 2020 - Bonanza Portfolio
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Mr Vishal Wagh, Research Head
On Tuesday Indian equity benchmarks made a slightly positive start but soon slipped below neutral lines and extended their losses. Markets are trading lower with the cut of over half a percent on account of selling in most of the sector indices led by, Industrials and Consumer discretionary. In the afternoon session, Indian equity benchmarks gained momentum and traded above their neutral line, both Sensex and Nifty were trading around 46,000 and 13,450 levels.
Asian equity benchmarks are trading lower on Tuesday, in choppy trade as fears around the rampant spread of a new coronavirus strain roiled markets. Countries across the globe shut their borders to Britain on Monday due to fears about a new strain of coronavirus.
Tech Mahindra und SAP erweitern Partnerschaft pressnetwork.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressnetwork.de Daily Mail and Mail on Sunday newspapers.
Technavio Research: New IT Outsourcing Market Research 2020-2024 | Industry Planning Structure for the New Normal | Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005244/en/
Technavio has announced its latest market research report titled Global IT Outsourcing Market 2020-2024 (Graphic: Business Wire)
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the IT outsourcing market. Get FREE report sample within MINUTES One of the primary growth drivers for this market is the need to optimize business processes, says a senior analyst for the information technology industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover Technavio expects the IT outsourcing market size to grow by USD 98 billion during the period 2020-2024.
Information Technology shares fall business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Tech Mahindra Ltd is quoting at Rs 909.2, down 1.11% on the day as on 13:19 IST on the NSE. The stock jumped 17.57% in last one year as compared to a 12.22% rally in NIFTY and a 46.97% spurt in the Nifty IT index.
Tech Mahindra Ltd is down for a fifth straight session today. The stock is quoting at Rs 909.2, down 1.11% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 13526.35. The Sensex is at 46106.71, up 0.02%.Tech Mahindra Ltd has added around 7.57% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has increased around 4.98% in last one month and is currently quoting at 22664, down 0.47% on the day. The volume in the stock stood at 19.64 lakh shares today, compared to the daily average of 53.54 lakh shares in last one month.