Shares rose 1 percent in early trade on Wednesday to their highest level since February 2008, with ICICI Bank and Reliance Industries leading the gains, taking cues from strong Asian markets. Leading the pack were metals, realty and banking stocks. However, IT continued to languish post Infosys Q1 results.
Sensex breached the 18 k mark [...]

After breaching the 18K mark Sensex continued to hold above the level but seemed to lose momentum and was moving sideways. Meanwhile, realty stocks pushed ahead to take the lead from metals, followed by banking. IT stocks continued to remain weak post Infosys Q1 results but were off lows.
In Asia, stock indices were trading higher [...]

Indian markets reacted negatively to the first quarter results of IT bellwether Infosys Technologies which reported a fall of 2.4 per cent in consolidated net profit. The stock fell 2.90 per cent to Rs 2,812 on NSE. It saw a high of Rs 2,875.05 versus a low of Rs 2797.
The indices recovered from the knee-jerk [...]

Benchmarks were witnessing a rangebound session with negative bias as weak global cues and lower-than-expected first quarter results from Infosys Technologies hurt sentiments. Meanwhile, traders continued to lap-up stocks from broader markets.
“We have been stressing on strong FII inflows lately and Monday’s figure once again shows that they are here to stay. Local funds, on [...]

The Sensex rose nearly 60 points higher in opening trade today as stocks of companies like Reliance Industries and Infosys staged a moderate recovery on emergence of buying by funds.
The 30-share index, which had lost over 67 points in the previous two sessions, recovered by 59.50 points, or 0.34 per cent, to 17,500.94 points.
Likewise, the [...]

Top-tier IT exporters are likely to continue their growth momentum in the June quarter despite weak European economies.
Also, the latest visa restrictions imposed by the UK and a sharp depreciation in the pound and the euro against the dollar are less likely to have any major impact on the performance of IT players in the [...]

Stock market benchmark Sensex on Monday climbed 273 points to settle at its highest level in more than one month on the back of a smart rally in IT stocks and RIL.
Shrugging off concerns over double digit inflation, the 30-share barometer of the Bombay Stock Exchange rose 273.2 points, or 1.6 per cent, to finish [...]

Led by private sector lender HDFC Bank, Indian stocks trading on the American bourses added USD 3.3 billion to their cumulative market capitalisation last week.
For the week ended June 11, the 16 Indian entities listed on the New York Stock Exchange and Nasdaq added USD 3.3 billion to their market capitalisation, with HDFC Bank alone [...]

The March quarter performance of IT major TCS and its commentary on future demand scenario underscore the rebound in global demand recovery. A stable pricing scenario, improving deal pipeline, and guidance of robust employee intake for FY11 are the key takeaways for investors.
Though the company’s revenue was a tad lower than analysts’ expectations, cost efficiencies [...]

Stocks are likely to take cues from tech major Infosys Q4 results and guidance which will be declared before the market begins trade Tuesday. The IT biggie’s results will officially kickstart the earnings season for the fourth quarter.
“In our view, the company in the previous quarter gave a very conservative guidance. Compared to the [...]