Tag: TCS

Post Session: Sensex ends 84 pts lower after Fed decision; TCS up 2%

15/12/2016 16:04

Amidst choppy trade, the Indian benchmark indices ended tad lower for the second straight session on Thursday, tracking a weak trend at other Asian markets, as investor sentiment were spooked by the Federal Reserve’s decision to rise key interest rate by 25 basis points, a move that would curb appetite for riskier assets. Persistent fund outflows by foreign investors and uncertainty about near term economic outlook following demonetization also weighed on sentiment.

The 30-share benchmark index closed trade at 26519.07, down by 83.77 points or by 0.31 per cent, and the NSE Nifty ended at 8153.6, down by 28.85 points or by 0.35 per cent.

IT index emerged as top gainers, rising over 0.5 per cent, with TCS over 2 per cent, after the US central bank said that US economy has made considerable progress toward dual objectives of maximum employment and price stability, which is a leading indicator for Indian IT revenue growth.

During the day’s trade, the BSE Sensex touched intraday high of 26737.86 and intraday low of 26407.58, while the NSE Nifty touched intraday high of 8225.9 and intraday low of 8121.95.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 649.45,-4.36%), NTPC Ltd. (Rs. 160.30,-2.02%), Tata Motors Ltd. (Rs. 463.45,-1.94%), ITC Ltd. (Rs. 229.80,-1.42%), Bharti Airtel Ltd. (Rs. 318.45,-1.24%), among others.

On the flip side, Tata Consultancy Services Ltd. (Rs. 2259.50,+2.34%), Axis Bank Ltd. (Rs. 477.10,+2.17%), Oil And Natural Gas Corporation Ltd. (Rs. 206.45,+1.35%), Power Grid Corporation of India Ltd. (Rs. 183.90,+1.10%), Bajaj Auto Ltd. (Rs. 2674.65,+0.95%), were among top gainers on BSE.

On the sectoral front, Healthcare and FMCG stocks emerged as top losers, falling as much as 1.36 per cent and 0.8 per cent respectively.

The market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2909, shares advanced were 1361 while 1369 shares declined and 179 were unchanged.

Markets extend gains; Asian Paints, TCS shares advance

16/11/2016 10:23

The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a positive trend across most Asian markets and a bullish finish at Wall Street overnight as the effect of Donald Trump’s shocking win in the US elections waned while oil prices rose on OPEC’s efforts to agree on output cuts.

A retreat in India’s consumer inflation to a 14-month low at 4.2 per cent in October 2016 from 4.31 per cent in September 2016 bolstered Dalal Street investor sentiment by raising hopes of another interest rate cut in the near future.

Shares of Voltas and Engineers India will be in focus as these companies reveal their September quarter earnings.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 26429.22 up by 124.59 points or by 0.47 per cent, while the NSE Nifty was at 8121.85 points, trading higher by 13.4 points or by 0.17 per cent.

The BSE Sensex touched an intraday high of 26621.4 and an intraday low of 26326.89 while the NSE Nifty touched an intraday high of 8210.05 and an intraday low of 8100.5

The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 925.00,+3.68 per cent), Tata Consultancy Services Ltd. (Rs. 2198.25,+3.59 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 282.45,+2.41 per cent), Maruti Suzuki India Ltd. (Rs. 4958.00,+2.38 per cent), Infosys Ltd. (Rs. 946.55,+2.36 per cent), among others.

Meanwhile, Lupin Ltd. (Rs. 1405.90,-2.38 per cent), Tata Steel Ltd. (Rs. 385.20,-2.12 per cent), Axis Bank Ltd. (Rs. 472.20,-1.45 per cent), ITC Ltd. (Rs. 235.10,-1.09 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 3284.00,-0.75 per cent), were among the top losers on BSE.

On the global front, Asian stocks were trading higher today as the Donald Trump shock faded while robust US retail sales data signaled a pickup in the world’s biggest economy, bolstering risk taking appetite. US stocks rose in the previous trading session with the Dow Jones Industrial Average marking a seven-day winning streak on a surge in energy stocks and a rebound in technology shares.

Post Session: Sensex ends 87 pts lower, Nifty settles below 8,700; Tata group shares fall

25/10/2016 16:37

The Indian benchmark indices ended tad lower on Wednesday, led by losses in frontline bluechip such as Tata Steel, M&M, Idea Cellular, GAIL and HUL, HDFC, Bharti Airtel and TCS, as sentiments remained weak in the absence of any positive trigger.

The 30-share BSE SENSEX closed at 28091.42, down by 87.66 points or by 0.31 per cent, and the NSE Nifty ended at 8691.3, down by 17.65 points or by 0.2 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 28211.41 and intraday low of 28013.69, while the NSE Nifty touched intraday high of 8722.65 and intraday low of 8663.45.

On the corporate front, shares of Tata group companies witnessed selling pressure after Tata Sons removed Cyrus Pallonji Mistry as chairman of the conglomerate and appointed Ratan Tata, chairman of Tata Trusts as interim chairman for four months.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1303.00,-2.72%), Tata Steel Ltd. (Rs. 415.50,-2.51%), GAIL (India) Ltd. (Rs. 434.90,-2.02%), Hindustan Unilever Ltd. (Rs. 832.05,-2.00%), Oil And Natural Gas Corporation Ltd. (Rs. 289.10,-1.30%), among others.

On the flip side, Adani Ports & Special Economic Zone Ltd. (Rs. 312.60,+9.43%), Dr. Reddy’s Laboratories Ltd. (Rs. 3200.45,+3.59%), ICICI Bank Ltd. (Rs. 289.10,+1.60%), Axis Bank Ltd. (Rs. 529.05,+1.49%), Bharti Airtel Ltd. (Rs. 311.05,+1.48%), were among top gainers on BSE.

On the sectoral front, IT and FMCG stocks were among top losers on BSE, falling as much as 0.84 per cent and 0.83 per cent respectively.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 3179, shares advanced were 1431 while 1496 shares declined and 252 were unchanged.

TCS gains over 2% on robust Q2 profit

TCS gains over 2% on robust Q2 profit

14/10/2016 12:07

Shares of Tata Consultancy Services (TCS) rose over 2 per cent on the Bombay Stock Exchange after the country’s largest software exporter reported a growth of 8.4 per cent in its consolidated net profit after taxes (PAT) at Rs 6,603 crore for the second quarter ended September 30, 2016.

Boosted by Q2 profit, shares of company gained as much as 2.40 per cent in intra-day to trade at Rs 2384.40 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company were up 0.43 per cent to Rs 2,339.00 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,679.11, up 36 points, or 0.13 per cent, at 12:05 hours.

Markets remain firm; TCS, Power Grid shares advance

27/09/2016 10:23

The key domestic benchmark indices were trading in a positive terrain in the morning trading session with dealers getting some support with statement of Ravindra Dholakia, one of the three government appointees to the newly formed Monetary Policy Committee (MPC) that there will be no friction between the MPC.

Volatility may remain high at the domestic bourses as traders roll over their positions ahead of the September futures & options (F&O) contracts expiry this Thursday.

Investors will also be looking ahead to the Reserve Bank of India’s rate-setting meeting on October 4 amidst the backdrop of declining retail inflation.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28359.49 up by 65.21 points or by 0.23 per cent, while the NSE Nifty was at 8748.9 points, trading higher by 25.85 points or by 0.3 per cent.

The BSE Sensex touched an intraday high of 28432.74 and an intraday low of 28348.46 while the NSE Nifty touched an intraday high of 8768.5 and an intraday low of 8742.25

The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2436.80,+1.50 per cent), Coal India Ltd. (Rs. 336.55,+1.17 per cent), Power Grid Corporation of India Ltd. (Rs. 176.90,+0.97 per cent), Infosys Ltd. (Rs. 1045.45,+0.94 per cent), Reliance Industries Ltd. (Rs. 1118.40,+0.82 per cent), among others.

Meanwhile, Bharti Airtel Ltd. (Rs. 315.30,-1.61 per cent), ICICI Bank Ltd. (Rs. 260.00,-1.22 per cent), Larsen & Toubro Ltd. (Rs. 1456.50,-0.83 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 248.90,-0.64 per cent), GAIL (India) Ltd. (Rs. 375.10,-0.58 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2179 shares traded, 1348 shares advanced, 694 shares declined while 137 were unchanged.

On the global front, Asian stocks were trading mixed today amid the first US presidential debate between Democrat Hillary Clinton and Republican Donald Trump. US stocks closed lower in the previous trading session as worries about Germany’s Deutsche Bank weighed on the financial sector and as investors awaited the US presidential debate.

Market cap of top 7 Sensex firms falls Rs 29,907 cr

29/08/2016 16:09

The overall market capitalisation of seven of the top ten Sensex firms tanked by a massive Rs 29,906.6 crore, with TCS emerging as the biggest loser as the 30-share Sensex fell 294.75 points or 1.04 per cent to 27,782.25 as fears over an earlier than expected US interest rate hike played spoilsport.

The country’s top software exporter, TCS, witnessed a decline in its market value of Rs 14,738.8 crore to Rs 4,98,350.78 crore last week, while the market cap of SBI fell Rs 9,160.08 crore to Rs. 1,91,507.71 crore.

ONGC’s market cap plunged Rs 2,994.42 crore to Rs. 2,04,005.66 crore last week while that of HUL fell Rs 2,031.91 crore to Rs. 1,95,347.30 crore.

The market cap of CIL tumbled Rs 473.73 crore to Rs 2,10,619.17 crore, while that of HDFC declined Rs 427.27 crore to Rs. 2,16,315.16 crore.

Infosys witnessed a drop in its market cap of Rs 80.39 crore to Rs. 2,34,460.63 crore last week.

With Fed Chair Janet Yellen keeping the door open for a US rate hike in September, Dalal Street may remain under pressure this week. An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.

Markets trading lower; TCS, Wipro shares dip

29/08/2016 10:15

The key domestic benchmark indices were trading lower in the morning trading session tracking a weak trend across most Asian stocks as investors across the globe weighed comments from Fed Chair Janet Yellen who on Friday stressed that the case for monetary tightening in the world’s biggest economy had strengthened, curbing the lure for risky assets.

An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.

The investors this week are expected to eye key macro-economic data including manufacturing and services PMI numbers for August which will offer further cues over the health of the Indian economy.

At 10:15 AM, the Bombay Stock Exchange bellwether Sensex was at 27727.67 down by 54.58 points or by 0.2 per cent, while the NSE Nifty was at 8545.2 points, trading lower by 37.41 points or by 0.3 per cent.

The BSE Sensex touched an intraday high of 27827.26 and an intraday low of 27698.71 while the NSE Nifty touched an intraday high of 8583.75 and an intraday low of 8543.75

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 523.40,+3.92 per cent), Axis Bank Ltd. (Rs. 594.75,+1.35 per cent), Tata Steel Ltd. (Rs. 373.10,+0.88 per cent), Reliance Industries Ltd. (Rs. 1035.60,+0.77 per cent), Bharti Airtel Ltd. (Rs. 345.75,+0.48 per cent), among others.

Meanwhile, Tata Consultancy Services Ltd. (Rs. 2478.70,-1.99 per cent), Wipro Ltd. (Rs. 480.25,-1.98 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 252.65,-1.90 per cent), Lupin Ltd. (Rs. 1491.75,-1.36 per cent), Power Grid Corporation of India Ltd. (Rs. 178.75,-1.22 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2026 shares traded, 843 shares advanced, 1064 shares declined while 119 were unchanged.

On the global front, Asian stocks were trading mixed today after Federal Reserve Chairwoman Janet Yellen on Friday, 26 August 2016 signaled the possibility of an interest-rate increase later this year but Japanese shares bucked the trend, boosted by a relatively weaker yen.

US stocks ended mixed in the previous trading session after Federal Reserve Chairwoman Janet Yellen signaled the possibility of an interest-rate increase later this year.

Markets extend gains; TCS, Tata Steel shares advance

01/08/2016 10:20

The key domestic benchmark indices were trading in a positive terrain in the morning trading session as progress on the crucial Goods and Services Tax (GST) bill supported the outlook for Asia’s third biggest economy, improving risk taking appetite.

The much awaited GST bill has been listed by the Modi government for consideration and passage in Rajya Sabha’s agenda for this week in the ongoing monsoon session of the Parliament.

Shares of HCL Technologies, Tech Mahindra, Indian Bank, Tata Power and GlaxoSmithKline Consumer Healthcare will be in focus this week amidst their April-June quarter earnings announcements.

Also, movement of rupee against the dollar, foreign investment trend and global cues will also influence the direction of local bourses this week.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28233.28 up by 181.42 points or by 0.65 per cent, while the NSE Nifty was at 8693.25 points, trading higher by 54.75 points or by 0.63 per cent.

The BSE Sensex touched an intraday high of 28265.27 and an intraday low of 28077.42 while the NSE Nifty touched an intraday high of 8703.15 and an intraday low of 8650.8

The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2676.80,+2.22 per cent), Tata Steel Ltd. (Rs. 362.60,+2.21 per cent), Wipro Ltd. (Rs. 555.00,+1.78 per cent), Axis Bank Ltd. (Rs. 555.50,+1.73 per cent), Tata Motors Ltd. (Rs. 511.10,+1.61 per cent), among others.

Meanwhile, ICICI Bank Ltd. (Rs. 255.70,-2.72 per cent), Lupin Ltd. (Rs. 1730.50,-0.59 per cent), Hindustan Unilever Ltd. (Rs. 920.00,-0.16 per cent), Reliance Industries Ltd. (Rs. 1014.75,-0.07 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2144 shares traded, 1425 shares advanced, 624 shares declined while 95 were unchanged.

On the global front, Asian stocks were trading higher today as the chances of a US interest-rate increase diminished, after the nation’s economic growth for the second quarter came in below expectations. The US markets ended higher in the previous trading session as a smaller than expected gain in US Q2 GDP raised bets that the Federal Reserve may not be in a hurry to tighten interest rates.

Markets remain cautious: Infosys, TCS shares dip

15/07/2016 10:31

The key domestic benchmark were trading in a negative terrain in the morning trading session as the investors remained cautious and the markets entered into consolidation mode.

Earlier the markets opened higher tracking a bullish trend across markets in Asia and a record finish at Wall Street overnight.

However, the investors may remain optimistic over the passage of the all-important GST bill in the upcoming Monsoon Session of the Parliament and strong progress of the monsoon may continue to support buying sentiment.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27772.76 down by 169.35 points or by 0.61 per cent, while the NSE Nifty was at 8541.75 points, trading lower by 23.25 points or by 0.27 per cent.

The BSE Sensex touched an intraday high of 28048.7 and an intraday low of 27742.26 while the NSE Nifty touched an intraday high of 8594.8 and an intraday low of 8532.45

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 222.10,+2.44 per cent), Tata Steel Ltd. (Rs. 365.75,+1.82 per cent), Hindustan Unilever Ltd. (Rs. 948.40,+1.73 per cent), Mahindra & Mahindra Ltd. (Rs. 1470.60,+1.70 per cent), Tata Motors Ltd. (Rs. 492.40,+1.38 per cent), among others.

Meanwhile, Infosys Ltd. (Rs. 1074.30,-8.64 per cent), Tata Consultancy Services Ltd. (Rs. 2467.40,-2.10 per cent), NTPC Ltd. (Rs. 155.40,-1.80 per cent), Wipro Ltd. (Rs. 564.00,-1.17 per cent), ICICI Bank Ltd. (Rs. 266.25,-0.75 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2148 shares traded, 823 shares advanced, 1192 shares declined while 133 were unchanged.

On the global front, Asian stocks were trading higher today as better-than-expected economic data from China lifted risk sentiment that was already buoyant after record highs on Wall Street. US stocks closed higher in the previous trading session on stronger-than-expected results from large financial institutions, including J.P. Morgan Chase, as well as upbeat economic data.

TCS to implement CHROMA at Bajaj Finance

TCS to implement CHROMA at Bajaj Finance

23/06/2016 12:55

Tata Consultancy Services, the leading IT services has said that CHROMA™ – the TCS’ cloud based HR solution platform will implemented at the Bajaj Finance Limited (BFL), a leading non-banking financial company in India.

The platform will enable and enhance the new generation HR experience to over 6000 employees in BFL. With integrated processes on a single platform, Bajaj Finance Limited can automate talent management process with consistent, real-time, and crossfunctional view. Through CHROMA™ platform, BFL will be able to manage recruitment, on-boarding, employee lifecycle processes, performance management, leave management, payroll, and performance appraisal.

For the first time BFL will also able to set up the competency catalogue and track the required, held and aspirational competencies of its employees under competency management. The platform also has modules to track career development, learning, succession planning, leave management, compensation, employee surveys as well as recognition and rewards of the employees.

Meanwhile, shares of the company were trading at Rs 2638.20 apiece, down 1.02 per cent from the previous close at 12:56 hours on BSE.