Shares of Infosys slumped over 5 percent on January 17, tracking the near 6 percent plunge in the American Depository Receipts (ADRs) of the company listed on the New York Stock Exchange (NYSE) overnight. While the information technology major's October-December earnings came in ahead of market estimates, its revised revenue growth guidance, hinting towards a weaker Q4 may have triggered the fall....

Shares of IT major LTIMindtree dropped 3.17 percent in early trade on January 17 to trade at Rs 5,789.10 after the company reported a 7.1 percent decline in consolidated net profit for the December quarter of FY25.The stock had opened 3.3 percent lower at Rs 5,780.3 on January 17, after closing at Rs 5,978.85 on January 16. Notably, LTIMindtree released its results for the October-December quarter...

The Nifty 50 and Bank Nifty continued to close higher for the third consecutive session on January 16, with the former outperforming the latter. The market is stable following the recent correction, but the sentiment remains under the control of bears. If the Nifty 50 continues its upward movement, it may face a hurdle at 23,500. However, in the case of profit booking, it may take support at 23,15...

The Nifty 50 extended its upward move and formed higher lows for three consecutive days, closing 0.4 percent higher on January 16. The index managed to close above the November low (23,263) and surpassed the 23,350 hurdle intraday. However, the overall sentiment remained in favor of the bears, as the index continued to trade well below all key moving averages. Therefore, the index is expected to c...

The benchmark indices continued to trade higher for the third consecutive session on January 17, with the Nifty 50 rising 0.4 percent. The market breadth was positive, as about 1,891 shares saw buying interest against 620 declining shares on the NSE. The market is expected to consolidate as long as it trades below all key moving averages. Below are some trading ideas for the near term:Chandan Tapa...