Indices open negatively in morning trade; Sensex falls by 295 points
Apr 12, 2022, 10:47 IST
Indian equity indices extended their losses from the previous session and traded lower in early trade on Tuesday.
At 9.46. a.m., Sensex was 0.5 per cent or 295 points down at 58,670 points, whereas Nifty was 0.6 per cent or 112 points down at 17,563 points.
IT stocks are likely to do well as Tata Consultancy Services results indicate robust deal wins and order flows, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
IT services major Tata Consultancy Services on Monday reported a year-on-year rise of 7.4 per cent in its consolidated net profit for the fourth quarter of FY22 at Rs 9,926 crore.
"TCS results are in line and marginally above expectations. This can support IT stocks even if there is some profit booking," Vijayakumar said.
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TCS mints almost ₹10,000 crore profit in just three months than in 12 months a decade ago
Facebook-backed Meesho lays off 150 employees in restructuring of grocery business
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At 9.46. a.m., Sensex was 0.5 per cent or 295 points down at 58,670 points, whereas Nifty was 0.6 per cent or 112 points down at 17,563 points.
IT stocks are likely to do well as Tata Consultancy Services results indicate robust deal wins and order flows, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
IT services major Tata Consultancy Services on Monday reported a year-on-year rise of 7.4 per cent in its consolidated net profit for the fourth quarter of FY22 at Rs 9,926 crore.
"TCS results are in line and marginally above expectations. This can support IT stocks even if there is some profit booking," Vijayakumar said.
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TCS mints almost ₹10,000 crore profit in just three months than in 12 months a decade ago
Facebook-backed Meesho lays off 150 employees in restructuring of grocery business