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Nifty IT traded below key support of 27900 last week and Infy within 2.5% of 2022 low. Here is how the heavies TCS & Infy are placed under the Elliott Wave model IMO . Couple of ratios converge around 2460 for TCS, for Infy around 1170
Five of top 10-firms lose ₹ 86,447 crore in m-cap; Infosys, #TCS, #SBI hit hard [Automated tweet]
The market capitalisation (mcap) of Infosys tumbled by Rs 25,217.2 crore to Rs 5,72,687.97 crore. The valuation of State Bank of India fell Rs 21,062.08 crore to Rs 4,51,228.38 crore, and that of TCS tanked Rs 21,039.55 crore to Rs 11,42,154.59 crore.
Five of top 10-firms lose Rs 86,447 crore in m-cap; Infosys, TCS, SBI hit hard
Stocks Picker (NISM Certified Research Analyst)
Sector wise top stocks : Banking : Kotak, HDFC NBFC : Bajaj Finance Auto : Maruti, Eicher Paints : Asian Paints FMCG : Britannia Retail : Reliance, Trent Capital Goods : Larsen, ABB Chemicals : PI, Atul, Navin Pharma : Sun Pharma Footwear : Bata Technology : TCS, Infosys
Five of top 10 firms lose Rs 86,447 crore in market cap; Infosys, TCS, SBI hit hard
3. #Infy - Consolidated in a small range in 1355 to 1675 for 10 months ; Poised to break down below 1355... #Trending ⬇️ below #movingaverage
[Automated: 25-Mar 07:56 AM] Indian Securities on US Exchange ICICI Bank : -0.1% HDFC Bank : -0.05% Wipro : -0.23% Infosys : -0.83% Dr Reddy's : 0.55% iShares MSCI India ETF : -0.44% iShares India 50 ETF : -0.12% Data: GoogleFinance
#MarketAtClose | Finance Bill amendments for debt funds weigh on AMC cos, HDFC AMC down 4% IT cos hold on to gains during last-hour market fall, Infosys ends 0.4% higher AB Capital closes more than 7% lower after co incorporates digital biz arm
My infy 1400 call target remains at 20/30 for this expiry. Will play a bigger game! #optionbuying
Infy fully loaded.. Crude 🔥
Infy 1400 call triggered at 8.85 #Btst #Optionbuying
Placed infy 1400 call abv 11 for btst trigger. #optionbuying
It expects operating performance to vary significantly across companies in FY 24. It prefers large-cap over mid-cap IT companies, with its top Picks being Infosys and Tech Mahindra in the former and Coforge and Persistent in the latter.
It remains cautious on the IT sector and only rates #Infosys a ‘buy.’
Morgan Stanley says the company’s results could generate positive sentiment. Any weakness around its Q4 results and FY 24 guidance should be used as a buying opportunity, it added. The firm prefers LTIMindtree, Infosys and HCL Technologies among large-cap IT firms.
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