Page 47 - Persistent Systems News Today

​And unless it crosses that, I would not go aggressive long or maybe take any position on the index. And as you mentioned, one should not look at shorting the market at current levels because again, the immediate supports are between 19,500 and 19,400, give and take 100-150 points in the Nifty.

The Nifty IT index closed 0.15 per cent up at 30824.95.

Advanced analytics capabilities from Google and provider partners complement cutting-edge U.S. cloud implementations, ISG Provider Lens™ report says ...

India has friendlier relations with the West and a young workforce. Its economy is expected to grow 6% to 7% a year, outpacing China’s. Its budding middle class will be spending well beyond essentials.

Persistent Systems is 1.7 times Birlasoft's revenue, 2 times its profit and 3.1 times its market capitalisation. HDFC Institutional Equities is positive about Birlasoft’s growth prospects.

India and China both offer investors the chance to profit from rising powers economic growth. India could experience a decades-long investment boom. Goldman Sachs Group Inc. analysts expect its share of global equity market capitalization to quadruple between now and 2075—reaching 12%, when it will be neck and neck with Chinas.

The Nifty IT index was trading 0.17 per cent up at 30487.75.

Several stocks in the market crossed their 100-day Simple Moving Averages (SMA), indicating strong market resilience and investor confidence.

The Nifty IT index was trading 0.42 per cent down at 29918.25.

The Nifty IT index closed 0.24 per cent down at 29971.15.