Indian IT stocks faced a downturn in today s trading session due to higher-than-anticipated US consumer inflation data released yesterday, raising concerns about the Federal Reserve s ability to implement multiple rate cuts this year.
In a multi-year collaboration, Tata Consultancy Services will leverage its cloud and DevOps solutions to transform Enento’s IT applications, cloud, digital workplace, and IT security
In today s trading session, TCS shares gained 4% to achieve a new peak of ₹4,135 apiece, surpassing their previous best of ₹4,043. Notably, the stock crossed the ₹4,000 mark after 12 months.
HCL Tech and TCS were the top gainers in the Nifty IT index, reaching new record highs. The robust performance of the IT sector also contributed to the Nifty 50, which concluded today s session with a gain of 0.72%, settling at 21,929 points.
TCS is a serious contender for large deals, given its greater experience than peers in implementing large, complex, and mission-critical projects, analysts have said