The key indices firmed up in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 418.25 points or 0.86% at 49,200.76. The Nifty 50 index gained 105 points or 0.73% at 14,452.25.
The broader market was trading lower. The S&P BSE Mid-Cap index fell 0.56%. The S&P BSE Small-Cap index lost 0.37%.
Sellers outpaced buyers. On the BSE, 1,283 shares rose and 1,707 shares fell. A total of 163 shares were unchanged. In Nifty 50 index, 29 stocks advanced while 21 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 6,029.83 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 2,372.54 crore in the Indian equity market on 8 January 2021, provisional data showed.
Barometers traded in a narrow range in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, jumped 372.49 points or 0.76% at 49,155. The Nifty 50 index gained 94.30 points or 0.66% at 14,441.55.
In the broader market, the S&P BSE Mid-Cap index fell 0.66% while the S&P BSE Small-Cap index lost 0.39%.
The market breadth was negative. On the BSE, 1,266 shares rose and 1,694 shares fell. A total of 162 shares were unchanged.
Nifty Financial Services Index (FINNIFTY) F&O contracts started trading from today. It is a diversified index of banks, insurance companies, NBFCs, etc. compared with the Bank Nifty index which includes only banks stocks. NSE has waived transaction charges for 6 months.
Strong Demand Drives TCS Q3 Growth Momentum
- Strongest Third Qtr Growth in 9 yrs: +4.1% QoQ CC, +4.7% INR, +5.1% USD
- Back to Positive YoY Growth: +0.4% CC, +5.4% INR, +2.1% USD
- Operating Margin: 26.6%, +0.4% QoQ and +1.6% YoY
- Net Profit Growth +3.7% YoY
- Lowest Ever Employee Attrition in IT Services (LTM): 7.6%
News provided by
Share this article
Share this article
NEW YORK and MUMBAI, India, Jan. 8, 2021 /PRNewswire/ Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2020.
Highlights of the Quarter Ended December 31, 2020
The IT major reported 16.4% rise in consolidated net profit to Rs 8,701 crore on a 4.7% increase in revenue to Rs 42,015 crore in Q3 December 2020 (Q3 FY21) over Q2 September 2020 (Q2 FY21).
The September quarter net profit had a post-tax one-time impact of Rs 958 crore due to provision for ongoing litigation with EPIC.
The company s consolidated net profit has grown by 7.2% and revenue has risen by 5.4% in Q3 FY21 over Q3 FY20.
Profit before tax (PBT) in Q3 FY21 stood at Rs 11,692 crore, up by 16.5% from Rs 10,037 crore in Q2 FY21. Sequentially, total tax expense during the third quarter has increased by 17.1% to Rs 2,965 crore.