Page 15 - Tcs News Today

Indian benchmark equity indices traded higher ahead of U.S. CPI inflation data. BSE Sensex and Nifty50 continued to trade higher. TCS, Infosys, Tech Mahindra, and HCL Tech rose, while ITC, SBI, NTPC, Bajaj Finance, and Bajaj Finserv traded with cuts. Aditya Birla Capital shares rose over 6% after announcing a merger with Aditya Birla Finance.

India Business News: NEW DELHI: Sensex on Tuesday climbed 165.

HDFC Securities expects smallcaps to underperform Nifty in the short term.

The 30-share BSE benchmark Sensex rose 195 points or 0.27% to settle at 72,500. The broader NSE Nifty gained 32 points or 0.14% to end at 21,982. IndusInd Bank, M&M, Power Grid, Maruti, and SBI were the top Sensex gainers, while TCS, Bharti Airtel, ITC, Tata Motors, and HUL closed with cuts. The market capitalisation of all listed companies on BSE surged by Rs 2.17 lakh crore to Rs 388.14 lakh crore.

Analysts recommend upgrading TCS stock to buy with a 14.6% upside. Cello World coverage initiated with a 25.6% upside driven by porcelain. Embassy REIT offers a 9% upside with improving occupancy and rental rates.

The Nifty future closed positive with gains of 0.25% at 22196 levels on Tuesday. India VIX was up by 0.82% from 15.60 to 15.72 levels. Volatility has been rising from the last two sessions.

During the height of the COVID-19 pandemic, companies swiftly adapted by transitioning employees to remote work. Now, as the pandemic gradually subsides, major tech giants—including Tata Consultancy Services (TCS), Infosys, HCL Technologies, Google, and Amazon—are rolling out new policies that mandate employees to return to the office.However, reports suggest that some employees harbor reservations about this transition, particularly concerning potential relocation requirements. Desp...

Cognizant wants employees to use the in-person time to prioritise activities that benefit greatly from being together including doing collaborative projects, training and team building exercises. Over past few months, TCS, Infosys and Wipro have mandated staff to return to offices, with schedules of 5 days/week, 10 days/month and 3 days/week, respectively.

In a recent note, brokerage house Ambit Capital noted that the March quarter (Q4) outlook doesn’t suggest immediate recovery for IT. It prefers Tier-1 IT over Tier-2 IT.

TCS is infusing Gen AI and intelligence across almost all layers of the company, he said.