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tcs q1 results: IT stocks on top of FII hate list! Will Q1 results mark end of long winter?

Foreign institutional investors (FIIs) are in particular worried about the impact of macro uncertainties in developed countries on Indian software exporters. After selling IT stocks worth over Rs 48,000 crore in FY23, FIIs sold another Rs 9,154 crore worth of IT stocks in Q1.
Kumar Rakesh Motilal Oswal Tech Mahindra Kotak Institutional Economic Times Tcs Q1 Results

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Top gainers, losers today: Sun Pharma, Maruti, Cyient DLM, Bajaj Finance, UPL; check full list here

Markets closed positively as attention turned to IT companies Q1 earnings. TCS, HCL Tech, and Wipro are set to present their results. Gainers included consumer durables, auto, healthcare, IT, capital goods, and oil & gas stocks, while banking, metal, and financials lagged.
West Bengal Sun Pharma Vinod Nair Cera Sanitaryware Maruti Suzuki Sonata Software

nifty technical analysis: Ahead of Market: 10 things that will decide D-Street action on Wednesday

Indias benchmark indices Sensex and Nifty rose on Tuesday due to a positive global trend and uninterrupted foreign fund inflows. Markets were supported by purchases made by major index players like Infosys, ITC, and Reliance Industries. Ahead of the release of key inflation data, Nifty fell short of 19,450 levels while Sensex rose by 274 points
Vinod Nair Mishra Dhatu Nigam Sun Pharma Maruti Suzuki Bank Rs Head Of Research At Geojit Financial Services

Why have Tier-2 IT stocks left tech darlings Infosys, TCS & others feeling blue?

Infosys is down 11% this year, Wipro 1%, while TCS has risen only 1%. Tech Mahindra, HCL Tech, and MindTree have managed to gain between 11-19%, but interestingly, their upside seems dwarf in front of high double-digits to multibagger returns offered by some Tier-2 IT companies.
Girish Sodhi Tata Elxsi Ritesh Presswala Aurionpro Solutions Datamatics Global Services Motilal Oswal Financial Services

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