Nifty IT index zooms to record high; Coforge, HCL Technologies & Infosys among 8 stocks that hit fresh 52-week highs
Mirroring stellar gains in the tech-heavy Nasdaq index, the Nifty IT index also soared to a new peak in Thursday's session.
Nifty IT crosses 46K milestone! Infosys, Wipro other tech stocks gain up to 4% to new 52-week highs
Indian IT stocks surged on Thursday, with the Nifty IT index reaching a new high of 46,000. Companies like Coforge and Tech Mahindra led the gains, rising up to 4%, fueled by positive U.S. inflation data and hopes of a Fed rate cut.
Nifty IT hits record high: What’s driving the rally in Indian tech stocks
Nifty IT rallied to a record high of 46,002.65 as rupee depreciation, a Nasdaq surge, and hopes of a Federal Reserve rate cut boosted investor sentiment, driving IT stocks higher.
Coforge hits record high, takes recovery from 52-week low to 118%
U.S. inflation data released on December 11 showed a 0.3 per cent month-over-month and 2.7 per cent year-over-year rise in the CPI, aligning with expectations. The CME FedWatch Tool indicates a 99 per cent probability of a 25-basis-point Fed rate cut in the December 17–18 meeting.
Nifty IT Shines As Tech Mahindra, Infosys, TCS And Other Key Stocks Soar
Among the top gainers in the Nifty IT index, Coforge led the pack with a 3.17% rise, followed by Tech Mahindra, which gained 1.34%.
Infosys, TechM, Wipro shares at 52-week high as Nifty IT index hits all-time high on Fed rate cut hopes
The Nifty IT gained 1.43 percent in Thursday's trading session to touch the 52-week high of 46,002.65. All the 10 components of the index advanced up to 4 percent with major gains led by Coforge, Tech Mahindra, LTIMindtree among others.
Nifty IT hits life high, tops 46,000; why are IT stocks in demand today?
The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices
Coforge share price hits a record high, jupms over 100% in seven months; should you buy the stock?
Coforge share price jumped almost 4 per cent to hit its record high of ₹9,349.45 in intraday trade on the BSE on Thursday, ...
Coforge partners with ACORD Solutions Group to drive digital transformation in insurance
Coforge partners with ACORD Solutions Group to enhance digital modernisation in the global insurance industry.
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Coforge partners with ACORD Solutions Group
Coforge partners with ACORD Solutions Group to drive adoption of modernization capabilities in the global insurance industry ...
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Coforge Joins ACORD to Enhance Digital Insurance Solutions
Coforge Joins ACORD to Enhance Digital Insurance Solutions - Coforge announced a strategic partnership with ACORD Solutions ...
Nifty IT index hits record high on December 10: Here's what drove the rally
AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the ...
Sensex drops 300 points, Nifty slips below 24,600; IT lone gainer as other sectors slide
Sensex tumbles 270 points, Nifty slips below 24,500 as market breadth weakens. IT outperforms, but all other sectors trade in ...
NTPC Green Energy, Zomato, Swiggy, Trent, BEL, PNB among stocks that MFs bought in Nov
Bharti Airtel Ltd, Maruti Suzuki India Ltd and Punjab National Bank (PNB) are some other stocks that MFs were gung ho on.