Page 31 - Tcs News Today

Shares of Wipro surged 13 percent in intra-day deals today to hit a fresh 52-week high of ₹526.45 as the companys December quarter earnings beat estimates even though it reported a decline in its net profit for the December quarter (Q3FY24).

India's No.1 software-services exporter plans to diversify more comes after revenue contributions from its mainstay market, North America, declined for four straight quarters.

The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since 2020, and revenue contributions from its mainstay market, North America, have declined for four straight quarters.

Sellers of call options took up the huge bets on expectations that IT companies’ earnings would disappoint

Shares of Indian software giants rise by $22 billion in two trading sessions, driven by strong earnings and optimistic sentiment. Major Indian software companies experience a boost in market value due to better revenue growth and positive outlook for the industry.

IT giants have rallied over the past two weeks, leading to the BSE Sensex crossing the historic 73,000 points mark on January 15.

TCS: Some large programmes are ending and not being replaced with alternative ones immediately. Insurance has been under stress for some time now, particularly on the auto insurance side. It had an impact through supply chain constraints, and also through losses from natural catastrophes. Because of natural calamities, many of the insurance companies, particularly in the general insurance area, have not been doing well.

TCS plans to diversify its focus to new markets like Japan, Latin America, and Southern Europe due to a slowdown in North America. The company reporte

Mileen Vasudeo says: “Nifty is likely to head towards 22,300 to 22,500 levels. But yes, at lower levels like say 21,900, there is good support. Overall, the breadth of the market remains positive throughout the trading session. On the sector front, IT has really lifted the sentiments and the pharma pack is also looking good on the charts.”

Inflows into ETFs and ETCs skyrocketed in 2023, with the market closing the year with total flows of €143.9bn, an overall 80% rise from €79.8bn at the end of 2022.