11 hours, 17 minutes ago
TCS, Infosys, HCLTech rise up to 4%. Why IT stocks are rising today?
India TodayBenchmark stock market indices settled lower after opening higher on Friday, reflecting high volatility in the market, with Sensex and Nifty falling nearly 0.5%. All the sectoral indices were in red but the IT sectoral index stood tall amid the bearish sentiment in the market and was the reason behind Sensex and Nifty opening higher today. Strong Q3 results from TCS buoyed the IT sector stocks, helping it remain in green when all the sectoral indices struggled in early trade. India’s largest IT services firm, TCS, reported a 12% year-on-year rise in consolidated net profit for the December quarter, reaching Rs 12,380 crore, in line with market expectations.
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History of this topic
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