Page 39 - Tcs News Today

TCS will be announcing its third quarter earnings for FY24 on January 11.

The third quarter of the current fiscal year is expected to be lean for the IT companies. “We expect that deal booking momentum would show quite a moderation as a result of concerns around economic growth in the US/European markets,” stated YES Securities in a preview report.

TCS is expected to report tepid Q3 revenue and profit growth due to weak discretionary spending in key markets in the West.

Vandrevala joined the Mumbai-based Tata group firm in 1982 and served as a key part of the leadership team over the decades, including as an ED between 2007-2016. He also was the global head of global corporate affairs at TCS.

By Chris Wack The Container Store Group shares were down 14% to $1.99 after the company said it expects sales in the third quarter to be lower than analysts'...

Vandrevala joined TCS back in 1982 and served as a key part of the leadership team for decades. As Vice-Chairman and MD of Diligenta, he led TCS’s life insurance and pensions industry business to new heights

FPIs remain net buyers on Friday at Rs 1,696 crore. DIIs sold shares worth Rs 3,497 crore. During the week, foreign investors have net pumped in about Rs 4,300 crore.

It is an uptrend signal if the RSI value has crossed above 50 from below.

Nifty opened strong and found the day’s high soon, but it slipped into negative territory later. However, the index closed with a gain.

Aamar Deo Singh says: "Nifty has formed a stalled pattern on weekly charts, indicating that it would meet with immediate resistance around the 21850-21900 zone whereas crucial support is seen around the last weeks high 21450-21500 zone. For Bank Nifty, support is seen around the 47300-47400 zone whereas resistance is around the 48500-48600 zone."