Page 8 - Lt Technology Services News Today

IT companies have had a weak year due to weak discretionary spends in the US, one of the biggest markets for Indian firms

A short build-up was seen in 76 stocks, including Bata India, REC, L&T Technology Services, Wipro, and Sun TV Network.

The Nifty future closed positive with gains of 0.14% at 22546 levels on Wednesday. India VIX was down by 2.40% from 11.65 to 11.37 levels. Volatility has been cooling off from the last three sessions.

Tata Consultancy Services and Infosys are slated to announce their March quarter results on April 12 and 18, respectively

L&T Technology Services has seen a breakout of long downward sloping resistance trendline adjoining highs of January 4, 2022 (record high), and February 12 this year. The stock has formed long bullish candlestick pattern on the daily charts.

Top Gainers and Losers Today : The Sensex lost 27.09 points, or -0.04, to settle at 73903.91, while the Nifty lost 18.65 points, or -0.08, to close at 22453.3.

IT sector consultants said that the conversation for FY25 is still heavily focused on more dilution of the bench, increasing automation, improving efficiency and targeted hiring mostly in niche areas such as AI and GenAI amid continued macroeconomic uncertainty and hardly any signals of demand recovery yet.

A long build-up was seen in 77 stocks, which included Ramco Cements, Havells India, Steel Authority of India, Dalmia Bharat, and United Breweries.

NEW DELHI, Mar 24: In India, professionals involved in Artificial Intelligence (AI) can anticipate a significant salary surge, with reports from Amazon Web

The crews next phase of training is scheduled to take place at Texas with NASA