IT stocks

Axis Securities lists KPIT Tech and Persistent Systems as top Tier-2 IT sector picks post Q1 earnings

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Axis Securities lists KPIT Tech and Persistent Systems as top Tier-2 IT sector picks post Q1 earnings

The Indian IT services sector has demonstrated improved performance in the June quarter (Q1FY25), signaling a revision in demand and stabilization of uncertainties in key global economies. While there is a faster recovery in AI use cases, ER&D, and other emerging technologies, discretionary spending remains cautious due to ongoing macroeconomic concerns, said brokerage house Axis … Read more

What does Fed’s indication of single rate cut mean for Indian IT stocks?

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What does Fed's indication of single rate cut mean for Indian IT stocks?

The optimism of markets and the buoyancy of stocks hinge largely on sentiment and projections, which investors closely scrutinise to gauge future market performance. These factors are pivotal, subject to frequent adjustments based on developments that either bolster or dampen investor confidence. Global factors significantly influence various financial markets, including equities, bonds, commodities, and currencies. … Read more