'Companies will need to revisit compensation structures, contracts, staffing models, and human resources system.'
India's top IT services firms delivered single-digit revenue growth in April-June, capping off a mixed, somewhat-sobering quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decisionmaking. Management commentary painted a mixed picture, caution prevailed, yet industry CEOs also emphasised cost optimisation, vendor consolidation, and opportunities in AI makeovers.
The index touched a high of 17,015 - up 389 points from the day's low. The Sensex finally ended with a gain of 225 points at 16,978. The market breadth was marginally positive - out of 2,750 stocks traded, 1,425 advanced, 1,239 declined and 86 were unchanged on Wednesday.
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With its Mitsubishi JV beginning operations this quarter, analysts expect meaningful revenue addition
'We do not see people getting reduced, but because of automation, we will do more work.'
Among major Sensex movers, ITC rose the most by 1.70 per cent, Wipro by 1.43 per cent, Tech Mahindra by 1.36 per cent and Nestle India by 1.27 per cent. Other gainers included HCL Tech, Asian Paints and Reliance. On the other hand, ICICI Bank, NTPC, UltraTech Cement and Tata Steel traded with a loss of up to 0.82 per cent.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
The NSE Nifty ended at 3235, up 112 points. The market breadth was fairly positive - out of 1,613 stocks advanced, 975 declined and the rest were unchanged.
The Sensex opened 52 points lower at 16,687, and soon slipped to a low of 16,598. The Sensex finally ended with a gain of 45 points at 16,784. The NSE Nifty moved up 12 points to close at 5,049. BHEL and Jaiprakash Associates soared 5.5% each to Rs 1,872 and Rs 246, respectively. ACC, ONGC and Cipla gained 2.3% each at Rs 819, Rs 1,054 and Rs 231, respectively. HDFC, ICICI Bank, ITC, DLF, L&T, Tata Motors and Ambuja Cements were other gainers. TCS slumped 10.6% to Rs 887.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
At its current stock price, RIL now has 8.4 per cent weight in the Sensex against Infosys' 8.8 per cent.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
Investor wealth on Thursday soared by Rs 1 lakh crore, triggered by heavy buying in the stock market, with the BSE benchmark Sensex surging about 382 points to close at near six-week high levels.
The market breadth, indicating the overall health of the market was strong
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
The list of corporations publishing biographies has lengthened steadily as companies have realised the effectiveness of story telling as a brand building tool. Kanika Datta investigates the rising trend.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Financials were the top losers after sharp gains in the previous session along with ITC
Sensex ends in green, bluechips in spotlight.
Sensex ends belowe 26,800 on domestic concerns.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Sensex rises, Nifty ends at record high; RIL shares rally.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Sensex, Nifty end lower on global concerns.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
Markets in green tracking firm global cues.
The broader markets, however, outperformed their larger peers.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
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