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...

As Indian markets slumped for the second week in a row, and sell-side research is projecting Q2 earnings to be the lowest in 17 quarters, there are fears over whether the structural bull run could get impeded.It seems not— a larger section of the market continues to be adamant that the bull market is very much alive and kicking. What we’re seeing, they argue, is a momentary wobble, a knee-jerk...

Brokerages maintained bullish calls on Tata Consultancy Services (TCS) stock despite its Q2 FY25 results falling short of Street expectations, with up to 28 percent upside in the share price targets. Analysts cited the ongoing BSNL contract, recovery in the US BFSI sector, and potential margin improvements as key positives, with a consensus that the IT major is well-positioned for recovery in the ...

After a stellar 70 percent rally over the past year, realty stocks are poised for further gains, despite concerns over high valuations. The Reserve Bank of India's decision to hold the repo rate steady at 6.5 percent and shift to a neutral stance suggests a potential rate cut in December, which could further fuel the real estate market.With the festive season approaching, housing demand is surging...