TCS is consolidating sideways on the hourly time frame, and is forming a potential Cup and Handle formation on the daily chart. A recent rebound from the 100 SMA level suggests a continued bullish momentum.
Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, HDFC Bank Ltd and Tata Consultancy Ltd may account for $809 million inflows. This is against a potential flow of $3.7-$3.8 billion in 2024.
Infosys share price: Th stock was last seen trading 2.67 per cent higher at Rs 1,410.80 today. At this price, turnover on the counter stood at Rs 42.88 crore with a market capitalisation (m-cap) of Rs 5,85,683.20 crore.
TCS, Infosys, Wipro: Nuvama said despite a weak outlook for the US, the Capgemini management maintained revenue growth guidance due to resilient demand in Europe.