Indian shares fell on Friday, a day after scaling 30-month highs, as fresh US data deepened fears about the health of the world’s largest economy and depressed Asian markets. The decline was led by the top three software outsourcers who earn more than half their revenue from the United States. The 30-share BSE index was [...]

Shares of IT companies on Wednesday rallied in the range of 1-4 per cent on the BSE, on the back of strong demand fuelled by a stellar quarterly performance by Cognizant. The country’s largest software exporter, Tata Consultancy Services, surged 4.43 per cent. It was followed by Wipro, which climbed 3.96 per cent. During the [...]

Markets rose to their highest level in two-and-a-half years on Friday, bouyed by a rally in world equities and better-than-expected quarterly earnings by outsourcer Wipro. Export-driven software services companies were among the gainers after Wipro posted a 31 per cent rise in quarterly profit said it was seeing strong business environment. Wipro rose as much [...]

Equities ended lacklustre session on a positive note as bulls ran out of steam near resistance levels due to lack of cues from global peers. Meanwhile, the broader markets outperformed the benchmarks. Bombay Stock Exchange’s Sensex ended at 17965.44, up 55.98 points or 0.31 per cent. The index touched intraday high of 17980.27 and low [...]

Equities ended lacklustre session on a positive note as bulls ran out of steam near resistance levels due to lack of cues from global peers. Meanwhile, the broader markets outperformed the benchmarks. Bombay Stock Exchange’s Sensex ended at 17965.44, up 55.98 points or 0.31 per cent. The index touched intraday high of 17980.27 and low [...]

Indian market continued to remain choppy with positive bias on Friday following positive opening of European peers. IT, banks and realty led the upmove while oil & gas and power scrips were down on profit booking. National Stock Exchange’s Nifty was at 5395.20, up 16.45 points or 0.31 per cent. The index touched a high [...]

Shares in Infosys Technologies hit an all-time high on Thursday after India’s No.2 software services exporter had issued a strong sales forecast that indicated a healthy demand outlook for outsourcing services. But some analysts cautioned the share gains in Infosys and rivals Tata Consultancy Services and Wipro were unlikely to be sustained as a stronger [...]

Shares closed up 0.6% on Thursday, supported by a rise in European equities and as Asian markets recovered from early lows. closed 107.83 points higher to finish at 17,558.85 points, with 18 of its components closing in the green. Outsourcers led the gains, with Infosys Technologies scaling record highs. Infosys shares touched a record high [...]

Shares in Tata Consultancy Services rose as much as 3.1 percent to a record high on Monday, as brokerages upgraded the stock after the top software services exporter posted forecast-beating quarterly results. The strong earnings by Tata Consultancy and No. 2 Infosys Technologies in the latest quarter have spurred hopes of a recovery in the [...]

India’s largest software services exporter Tata Consultancy Services today said it will expand its strategic business alliance with US-based Dow Chemicals that will create new jobs in Midland-Michigan. Dow Chemical and TCS plan to form an innovative business alliance that will provide critical business services to Dow, its subsidiaries and joint ventures,” TCS said in [...]