IT Sector: In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitting on an arsenal of historic total contract value (TCV) wins.
In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitting on an arsenal of historic total contract value (TCV) wins.
Despite mixed global signals, Indian markets exhibited resilience in Thursday s trade amid Nifty s weekly expiry. The lead sectoral performer on January 4 was the Nifty Realty index as it hit a record high of 836.45
The Finance Ministry monthly economic review says increasing exposure of retail investors to mutual funds and equities has resulted in a wealth effect, supporting consumption
Ashutosh Sharma of Forrester Research India says he doesn t anticipate a positive shift in the demand environment until at least Q2FY25, given the uncertainty that has crept in across global markets