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from India Insight:

Analysts remain positive on India’s IT stocks after 2013 rally

India's information technology services businesses will continue to benefit from improving client demand from developed countries in 2014, pushing stocks higher after a stellar performance last year, analysts told India Insight.

India’s No. 1 IT services exporter Tata Consultancy Services (TCS) and its rival Infosys beat analysts’ expectations in their financial results that were released earlier this month. They also raised their sales growth forecasts on signs of improving economies in the United States and Europe.

"In Europe we are gaining market share; in U.S. things are looking up – that will drive discretionary and new technology spends," said Kuldeep Koul, IT-sector analyst at ICICI Securities. “What’s also helping the industry … is the fact that the rupee continues to remain at very benign levels.”

Global IT spending worldwide is expected to rise more than 5 percent this year, according to research firm International Data Corporation, while Gartner expects spending to grow 3.1 percent to $3.8 trillion.

from India Insight:

Tracking Sensex: Top gainers, losers in May

By Aditya Kalra and Ankush Arora

Key stock indexes eked out small gains in the month of May, with the BSE Sensex gaining 1.3 percent and the Nifty rising almost 1 percent.

The stock market adage 'sell in May and go away' didn’t quite hold true for the Sensex this year, as the index ended in the green after falling for three consecutive years in May.

from Expert Zone:

India Markets Weekahead – Company results key for market direction

(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)

Infosys stumped Indian markets again but for a change -- positively. Recent management comments had built expectations of underperformance which led to cautious to negative views on the stock. Institutional investors were light on Infosys whereas the more adventurous speculators were short. And we were all caught on the wrong foot when the company declared a revenue growth as well as a net profit much better than consensus expectations.

from The Great Debate:

The frugal revolution

General Electric’s healthcare laboratory in Bangalore contains some of the company’s most sophisticated products—from giant body scanners that can accommodate the bulkiest American football players to state-of-the-art intensive-care units that can nurse the tiniest premature babies. But the device that has captured the heart of the center’s boss, Ashish Shah, is much less fancy: a handheld electrocardiogram called the Mac 400.

The device is a masterpiece of simplification. The multiple buttons on conventional ECGs have been reduced to just four. The bulky printer has been replaced by one of those tiny gadgets used in portable ticket machines. The whole thing is small enough to fit into a small backpack and can run on batteries as well as on the mains. This miracle of compression sells for $800, instead of $2,000 for a conventional ECG, and has reduced the cost of an electrocardiogram to just $1 per patient.

from Money on the markets:

TCS shares touch record high

Shares in TCS gained nearly 5.5 percent on Tuesday after the firm had reported a good set of quarterly numbers on Monday evening after market hours.

TCS led the gains in the benchmark Sensex and rose to a record high after it beat street estimates and said it expected strong demand for outsourcing.

from Money on the markets:

Good day for technology counters

Technology shares rose on Wednesday as Indian firms cheered robust results and guidance from U.S. peer Cognizant Technology Solutions.

Cognizant on Tuesday reported a profit that topped market estimates for the sixth straight quarter, helped by a surge in discretionary projects, and also raised its 2010 revenue outlook.

from Money on the markets:

Outsourcers slide on rising rupee

Shares in top IT firms plunged on concerns the rising rupee would squeeze margins in the export-driven sector.

IT bellwether Infosys dropped 2.5 percent, while Wipro and TCS fell 4.2 and 3.3 percent respectively.

from Money on the markets:

TCS gains 3.9 percent

Shares in India's top IT services firm by sales gained nearly 4 percent in a broader market that ended 0.96 percent up at 16,853.

The stock which carries over 2 percent weightage in the main index, closed at 610 rupees with volumes of 0.58 million.

from Money on the markets:

Solid earnings for IT companies

INDIAThe infotech index rallied 2.8 percent on Thursday with stocks such as Patni Computer, TCS, Wipro and Infosys posting decent gains.

Patni Computer, the top gainer in the index, rose over 12 percent after the company announced a 14 percent rise in Q1 profits. A company official said it will seek acquisitions in Europe and the Asia-Pacific to help lower its dependence on the United States.

from Money on the markets:

ICICI Bank leads Sensex decline

The BSE Sensex ended 0.85 percent down on Tuesday, as investors saw an opportunity to book profits after the market rallied 13.4 percent over the past five sessions.INDIA-STOCKS/6PCT

The 30-share sensitive index swung from an intra-day high of 15,234 to an intra-day low of 14,955 and closed 128 points lower at 15,062.

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