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Stock Market Live Updates: Sensex, Nifty turn negative; BPCL, Adani Enterprises up 1%, TCS drags

Stock Market Live Updates: Sensex, Nifty turn negative; BPCL, Adani Enterprises up 1%, TCS drags
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Stock Market Live Updates: Sensex, Nifty to see positive opening

Stock Market Live Updates: Sensex, Nifty to see positive opening
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Share Market Highlights 18 July 2023: Sensex gains 200 pts, Nifty settles at 19,750; Infosys up 3.73%

Share Market Highlights 18 July 2023: Sensex gains 200 pts, Nifty settles at 19,750; Infosys up 3.73%
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TCS Q4 review: Near-term growth to moderate, demand levers intact

The impact of the banking crisis in the US was visible in IT bellwether Tata Consultancy Services (TCS) weak performance in the March quarter of fiscal 2023 (Q4FY23).

The firm witnessed slower revenue growth in Q4FY23 and failed to meet its FY23 exit Ebit margin of 25 per cent as some clients, especially in the North American region, took to pausing projects and rising onsite costs offset utilisation gains.

Sequentially, the company s revenue grew by just 0.6 per cent on a constant currency basis, which was one of the slowest paces in over 11 quarters. ....

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