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Mahindra & Mahindra Financial Services Limited, part of the Mahindra Group, and one of India's leading Non-Banking Finance Company today announced a strategic integrated partnership with Nucleus Software.
Not only does the foreign brokerage firm believe that IT companies will disappoint the market in Q1 of FY24 but it also sees the technology firms upsetting the Dalal Street in the second half of FY24.
BSE Sensex gained 418.45 points, or 0.67 per cent, to settle at 63,143.16, while NSE's Nifty50 gained 114.65 points, or 0.62 per cent, to end the session at 18,716.15 for the day.
For the Nifty, 18,460–18,420 will act as a crucial support zone, with hurdle at 18,600–18,660, says Jatin Gedia of Sharekhan by BNP Paribas
The net profit for the quarter soared to Rs 67.65 crore, compared to Rs 18.29 crore in the same quarter of the previous year.