Page 78 - Tcs News Today

Analysts said whenever the market rebounds from the current weakness, large-cap stocks are more likely to outperform their smaller peers. This is because the valuations of mid-cap and small-cap stocks are considered stretched.

From Sensex stocks, Bajaj Finance, Tata Steel, and Tata Motors were the top gainers, rising over 1% each. M&M, Titan, NTPC, and JSW Steel also opened higher. While only TCS and Sun Pharma opened in the red.

Q2 earnings preview: TCS, which will declare its results on October 11, is expected to report a muted quarter, with PAT estimated to be up by 0.8 percent QoQ at Rs 11,162 crore

Total payouts by TCS increased by 9.6 percent per annum in the past four years to Rs 42,079 crore in FY23

"The decline in the dollar index to 105.95 and the US 10-year bond yield falling to 4.65 from the recent high of 4.88 are positive developments for equity markets. Even though FIIs continue to sell in India, the intensity of selling is coming down. More importantly. DIIs are increasing their purchases," said Dr V K Vijayakumar of Geojit Financial Services.

According to Girirajan Murugan, CEO of FundsIndia, the smallcap and microcap stocks in the Indian market are risky and overheated at the moment due to their sharp rise in prices. He advises investors to diversify their portfolios to reduce risk and take advantage of the current correction in the market. Murugan also mentions that the continuing rally in crude oil prices and the depreciation of the rupee against the USD could pose short-term challenges.

All foreign payments except for medical and education purposes will attract a 20% tax collected at source (TCS). However TCS is not an additional income tax. Further the TCS amount so deducted can be used by an individual to adjust his/her net tax liability. Read below to know where the TCS amount so deducted can be seen.

TCS Q2 Preview: For the September quarter, which is traditionally strong for the sector, TCS is seen reporting a mere 1.4% sequential growth in consolidated revenue to Rs 60,218 crore, according to the average estimates by eight brokerage firms. But on a year-on-year (YoY) basis, the topline is seen rising nearly 9%.

The market capitalisation of all listed companies on BSE increased by Rs 3.57 lakh crore to Rs 319.75 lakh crore

India Business News: Approximately half of the Nifty50 stocks, including prominent names like Reliance Industries, Tata Consultancy Services, Infosys, Tata Consumer, and H