Shares of domestic information technology companies bucked the muted market trend and rose in early trade on December 20, tracking cues from the world's biggest IT company--Accenture's better-than-expected quarterly revenue and guidance upgrade.Drawing optimism from Accenture's upward revenue revision, Infosys and Wipro's American Depository Receipts (ADRs) on the NYSE jumped 2-3 percent overnight...

CLSA On SwiggyInitiate Buy Call, Target At `708/ShCo Has Large And Growing TAM With A Clear Early-mover AdvantageSee Execution Improving With Accelerating Growth & Improving ProfitabilityExpect Indian Quick Commerce To Grow 6x In FY24- 27 & Swiggy To Be One Of Largest BeneficiariesCo Will Likely Continue To Lag Zomato, But We Believe This Gap Is In The PriceCiti On Divi’s LabsBuy Call, Target At...

Bulls maintained their control over Dalal Street for another session, driving the Nifty 50 higher by 1.3 percent on November 25, with a positive market breadth. About 1,783 shares gained on the NSE, compared to 744 declining shares. The momentum is expected to remain positive, but considering the 1,000-point rally over the last two sessions, some consolidation cannot be ruled out. Below are some t...

Today's correction follows a two-week rally in IT stocks, driven by optimism over potential favorable policies from U.S. President-elect Donald Trump's administration.The Nifty IT index tumbled nearly 3 percent on November 18 after US Federal Reserve Chair Jerome Powell said there was no need to rush to lower interest rates due to ongoing economic growth, a solid job market, and inflation above it...

The benchmark indices remained in negative terrain with moderate losses amid volatility on October 23, continuing the downtrend for the third consecutive session, despite a positive market breadth. About 1,461 shares gained against 1,039 shares that fell on the NSE. The market is expected to sustain its downtrend amid consolidation, with a "sell on rally" strategy. Below are some trading ideas for...