Updated Apr 13, 2021 | 16:28 IST
BSE Sensex closed at 48,544.06, gaining 660.68 points or 1.38% while the broader NSE Nifty index ended the day at 14,504.80, up 194 points or 1.36% led by banks, auto and metal stocks. Sensex, Nifty gain over 1% amid short covering; investors log out of IT stocks | Photo Credit: Thinkstock
Benchmark indices Sensex and Nifty on Tuesday recouped some losses seen yesterday as investors dumped stocks fearing an increase in regional lockdowns amid a record rise in Covid-19 cases.
BSE Sensex closed at 48,544.06,
gaining 660.68 points or 1.38% while the broader NSE Nifty index ended the day at 14,504.80, up 194 points or 1.36%.
A short-covering rally in markets cheered up dealers and market participants on Tuesday a day after Nifty declined over 500 points to post the worst day since 26 February 2021 and closed near 14,300 levels.
TCS share slipped over 4% today after the IT behemoth reported its Q4 earnings. Stock of TCS fell 4.35% to Rs 3,100 against previous close of Rs 3,241 on BSE. TCS share opened lower at Rs 3,230 today. Market cap of the firm fell to Rs 11.56 lakh crore on
January 11, 2021
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The benchmark index closed at 49,269, on the back of the longest rally in more than a decade
TCS, India’s most-valued information technology company, hit a market-cap of ₹12 trillion during Monday’s equity trading session. It was the first time the Sensex, India’s benchmark stock index, crossed 49,000 level and came within a striking distance of the 50,000 mark on the back of the longest rally in more than a decade.
The Sensex closed with gains of 486 points, or 1 per cent, at 49,269. The Nifty 50 index gained 137 points, or 0.96 percent, at 14,484. IT shares are expected to outperform December-quarter earnings estimates, analysts said.
Updated Jan 08, 2021 | 08:48 IST
Indian IT companies are poised to turn in the best Q3 in a decade; TCS likely to report industry-leading growth along with robust TCV of deals and positive commentary TCS Q3 preview: Robust TCV of deal wins expected; management to continue with positive commentary.
Mumbai: TCS stock hit fresh record highs in trade this week, this is just ahead of results to be declared on Friday (Jan 8), in fact the stock price has surpassed the recent buyback price of Rs 3,000 per share. Post the recent run-up and buyback TCS stock trades at premium valuations (highest amongst peers) of about 30x FY22 price to earnings multiple (PE).