Page 80 - Tcs News Today

High-weightage banks, and oil & gas lost 1% each, while metals, consumer durables and media stocks shed 1.5-2%. The market capitalisation of all listed companies on the BSE declined by Rs 3.8 lakh crore to Rs 316.06 lakh crore

While the headline index Nifty fell around 0.5% on Monday morning, the pain was deeper in the broader market with both mid and smallcap indices trading around 1% lower. Out of nearly 3,600 stocks that traded on BSE today, the vast majority of around 2,500 were trading in the red.

The Indian Information Technology sector also has its presence in Israel, just like other developed and developing economies. Let us understand how the recent Israel- Palestine conflict might impact the Indian IT sector

A large part of the impact on India depends on whether Iran, a major Hamas supporter, is drawn into the war. "That can disrupt oil supplies causing a spike in crude, which can trigger a risk-off in the market," said Dr. V K Vijayakumar of Geojit Financial Services.

In times when the global environment remains uncertain, and there are limited avenues to reinvest in the business, companies tend to usually use cash to reward shareholders through a share buyback or a dividend payout.

So, a lot of our macro parameters continue to remain I would say in a very comfortable zone and that would therefore place India in a reasonably competitively in a very good situation compared to the challenges that some other economies are facing.

TCS would announce its results post market hours of Wednesday and is scheduled for a press conference at 5.30 pm IST, where TCS' leadership team will interact with media. Later in the day, TCS will host an earnings call at 7 pm.

Market watchers expect the IT sector to deliver a soft quarter, although Q2 has historically been a seasonally strong quarter

In a conversation with moneycontrol, Kunal Shah of Carnelian Capital also shared his views about FMCG, new-age companies and banks.

Indian frontline indices ended with declines on Monday as the Street grappled with the Israel-Hamas conflict and its impact on India and the rest of the world. Selling pressure was seen across sectors and commodity and financial stocks bore the maximum brunt.