Nifty It News Today

Investors lose over Rs 4 lakh crore as Sensex, Nifty nosedive amid Russia-Ukraine war : Rashtra News #Investors #lose #lakh #crore #Sensex #Nifty #nosedive #RussiaUkraine #war Highlights The war and surge in crude have transformed the economic scenario and market expectations If the Russia-Ukraine war prolongs, global economic growth may be impacted In previous session,

The last trading day of the week saw the index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of55.90 points.

The Nifty IT index drops in April with a 5 per cent loss. Indian IT sector struggles with weak demand. Q4 earnings show caution for the future. Experts recommend caution in IT stocks and focus on large, quality companies for investment.

Nifty, Sensex jumped nearly 1 percent from days lows to trade firmly in the green. Traders are advised to consider buying opportunities during any downward movements in the market, said analysts.

Broader markets outperformed the benchmarks, with BSE midcap and smallcap indices rising nearly a percent

All NSE sectoral indices were trading higher except Nifty FMCG which was dragged by Tata Consumer Products. Nifty media led the gains, rising over 1 percent.

TCS share price gained about 2 per cent in Q4FY24, significantly outperforming its sectoral index Nifty IT which declined about 2 per cent during the quarter.

Nifty IT index has lagged behind Nifty 50 in the last year, but experts believe that the sector could witness a revival with improving macros and cost efficiency measures.

The earnings season begins this week, with the focus on the IT majors. The performance of the US market and DII activity will also be in tracked, say analysts

While a majority of sectoral indices traded with losses, the Nifty IT index rose about 1.5 per cent in morning trade on Tuesday, March 12, with stocks such as TCS, HCL Tech, Tech Mahindra and Infosys rising 1-2 per cent.