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...

Just when the two-wheeler industry seemed poised to lift the spirits of the automobile sector, a slowdown may be looming. Bajaj Auto has added to the mounting concerns, trimming its growth outlook for two-wheeler sales in India to a modest 5 percent—down from its earlier range of 5-8 percent.For context, two-wheeler sales in September took a sharp hit, falling 10 percent month-on-month and 8.5 p...

Shares of Wipro rose as much as 3 percent on October 14 as investors lapped up the stock ahead of a meeting on October 17 wherein the company's board is slated to consider the issuance of bonus shares.A bonus issue is a corporate action where a company issues additional shares to its existing shareholders at zero extra cost. This is typically done in proportion to their existing holdings, meaning ...

Tata Steel | CMP: Rs 179Tata Steel is in a strong uptrend across all time frames, forming a series of higher tops and bottoms, indicating positive bias. It has registered an all-time high at Rs 179.65, indicating bullish sentiments. The stock has been well placed above its 20, 50, 100, and 200-day SMA, and these averages are also inching up along with the price rise, reaffirming the bullish trend....

All’s well that ends, the market seems to be saying, looking at the runaway rally over the past three sessions. On the day of the election results, investors fled fancied themes like capex and PSU and sought refuge in FMCG names. The mood has improved significantly since, and investors are now loading up on both defensive as well as market-fancied themes. The obsession with a stable government f...