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India IT services biz set to sink to three-year lows in March qtr

The industry’s woes are chiefly driven by a slowdown in business from the BFSI sector

Omkar-tanksale , Apurva-prasad , Mukul-garg , Motilal-oswal , Silvergate-bank , Securitie-institutional-research , Infosys , Silicon-valley-bank , Credit-suisse , Wipro , Tata-consultancy-services , Tech-mahindra

BSE IT index hits record high; Wipro, Tech M too scale new peaks

Read more about BSE IT index hits record high; Wipro, Tech M too scale new peaks on Business Standard. A total 10 stocks including Mastek, Mindtree, Happiest Minds Technologies, Mphasis and Coforge too hit their new highs in Friday's intra-day deals

Prabhudas-lilladher , Wipro , It-service , Clerx-services , Infosys , Tata-consultancy-services , Tech-mahindra , Happiest-minds-technologies , Economic-times , Edelweiss-securities , Bse-it-index , Cs-share-price

IT shares in demand; Infosys, LTTS, Sonata Software hit record highs


Shares of information technology (IT) companies, on Tuesday, were in focus at the bourses, with six stocks, Infosys, Mindtree, L&T Technology Services (LTTS), Sonata Software, Coforge and Intellect Design Arena from the S&P BSE IT index hitting their respective record highs in intra-day trade on expectation of strong earnings.
At 10:04 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.35 per cent rise in the S&P BSE Sensex. The IT index hit an intra-day high of 26,784 points, and is 1 per cent away from its record high of Rs 27,074 on January 14, 2021. Thus far in the month of March, the BSE IT index has rallied 10 per cent, against 3 per cent gain in the Sensex.

Lt-technology-services , Infosys , Sonata-software , Intellect-design-arena , Bse-it-index , Infosys-share-price , L-ampt-technology-services , It-stocks , It-shares , ல்ட்-தொழில்நுட்பம்-சேவைகள் , இண்பொசயிச்