Consulting major Accenture's higher guidance for the full year as well as the second quarter has sent the share price higher by more than 7% in the US market, also rubbing off on the ADRs of Indian IT companies Wipro and Infosys, which are up by 2.3% and 3% respectively in early trade on December 19 at the New York Stock Exchange.Headwinds relating to the currency market and worries over governmen...

Technology stocks were among the biggest losers in the morning session on December 19, as the commentary coming from the US Federal Reserve turned more hawkish than previously expected.At 9.45 am, the Nifty IT recovered some of its early losses after falling 2.4 percent but was still lower by 1.17 percent at the 44,995 mark. The top losers on the index were LTIMindtree, Wipro, and L&T Technology S...

Morgan Stanley On WiproUnderweight Call, Target At `250/ShAfter Capco (2021) & Rizing (2022) Acquisition, See Applied Value Tech Acqn Being Relatively SmallSee The Acqn Supporting More Of Capability Boost & Adding Some Marquee Clients To PortfolioGiven Small Scale, See Acquisition Having A Limited Impact On Financials In FY25/FY26CLSA On ITTCS, Infosys & Wipro, In Their Quarterly Preview, Showed C...

Shares of IT major Wipro gained as much as a percent to Rs 312, hovering close to its 52-week high on December 17 after the company announced a deal to buy 100 percent shareholding in Applied Value Technologies and its affiliates Applied Value Technologies Pte Ltd and Applied Value Technologies BV.This purchase is expected to bolster Wipro’s existing application services capabilities and create ...

The Indian IT stocks defied the negative market trend on December 12 with the Nifty IT index soaring past 46,000 for the first time post-in-line U.S. inflation data, which reinforced expectations of a Federal Reserve rate cut next week.A US Fed cut cope is a positive development for India's information technology companies, which earn a significant share of their revenue from the United States."Po...