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Tech firms gain
The BSE IT index ended 3.9 percent higher on Tuesday as the overall 30-share sensitive index ended 0.59 percent down.
Infosys Technologies raised its annual sales forecast as big financial services clients boost orders in an improving global economy, pointing to an industry recovery.
Shares in Infosys ended 3.9 percent higher at 2,587 rupees with a volume of 0.54 million shares.
Other players like TCS, Wipro surged over 4 percent. Stocks like Teledata Informatics slipped 3.5 percent while Moser Baer shed 2 percent.
Firm rupee hurts IT stocks
Shares of technology firms struggled on Thursday with the sectoral index falling 2.2 percent, as a firmer rupee dented sentiments.
The index ended as the top loser among sectors. Shares in Mphasis ended with losses of 3.2 percent.
Infosys, HDFC Bank touch 52-week highs
The BSE Sensex closed 52 points lower on Wenesday, but many top counters touched their 52-week highs in trade, Thomson Reuters data shows.
Top IT stocks Infosys, Wipro and TCS touched their 1-year highs as the BSE IT index closed 0.7 percent higher.
Lacklustre day for IT stocks
The BSE IT index was the only sectoral index to close in the red on Monday, in a broader market that ended 183 points up.
Top IT firms Infosys Technologies and TCS were among the top Sensex losers, falling 0.83 percent and 0.63 percent respectively. Patni Computer dropped over 3 percent.
Infosys shines in weak market
Shares in Infosys gained over 2.1 percent on Thursday in a broader market that slipped over 200 points.
Gains in Infosys helped the BSE IT index close 0.8 percent higher. Eleven of 16 stocks in the IT index however closed in the red.
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.
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.
Infosys drops in flat mkt
Shares of Infosys Technologies fell over 3 percent to 2,285 rupees on Thursday in a market that saw volatile trade with the expiry of monthly derivatives.
Infosys, which has an over 8 percent weightage in the main index, dropped as much as 80 rupees with a volume of 0.3 million, making it the top loser in the index which ended flat.
IT stocks shine in a weak market
The BSE IT index gained 2.6 percent in choppy but dull trade on Monday.
Top IT companies posted smart gains with Patni Computer leading the sectoral index with a 7 percent rise. Shares of Wipro, TCS and Infosys touched their 52-week highs.
Many of these firms reported better-than-expected Q1 numbers last month.
The rupee movement versus the dollar has also been supportive for this industry, which receives significant revenue in foreign currency. The rupee has strengthened to below 48/dollar from near 52/dollar levels in March this year.
Market ends flat
The stock market got off to a quiet start this week, with the benchmark index closing just 21 points higher at 14,786 ahead of the annual budget next week.
The Sensex was up 1.3 percent at one point, but investors booked profits to take advantage of the rise.
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