INFY.NSE Infosys Ltd
INFY.NSE India’s stock benchmarks set to open higher on US trade talk hopes, rate cut bets
India’s equity benchmarks are set to open higher on Wednesday, extending their multi-session winning run fuelled by recent tax cuts, while rising bets for US rate cuts and hopes of progress in trade talks with Washington lifted sentiment. Gift Nifty futures were trading at 25,027 points as of 08:07 a.m. IST, indicating that the benchmark Nifty 50 will open above Tuesday’s close of 24,868.6. The index has gained about 1.2% in the last five sessions, and is trading about 5.4% below the record high hit on September 27, 2024. Geopolitical risks, however, resurfaced after US President Donald Trump urged European Union officials to impose 100% tariffs on China and India as part of a strategy to pressure Russia, according to a US official and an EU diplomat. But, Trump also indicated that the US could boost trade with India, citing ongoing discussions to reduce barriers. Prime Minister Narendra Modi said he is looking forward to speaking with Trump, and that the two countries were working to conclude the trade negotiations at the earliest.
cityfalcon.com·16h ago
Not a market to go bargain-hunting; earnings to drive market recovery, says InCred’s Aditya Sood
InCred Asset's Aditya Sood suggests Indian markets are poised for a comeback, hinging on earnings growth. Despite recent flat returns, potential US Federal Reserve rate cuts and a favorable bond spread create a supportive environment. Sood is cautiously optimistic, favoring healthcare, rural-focused consumer stocks, and select IT firms like Infosys for steady compounding.
cityfalcon.com·16h ago
Tax threat to Indian IT; Infy weighs buyback
A US proposal to tax offshoring has sent jitters through already troubled Indian IT. This and more in today’s ETtech Top 5.
cityfalcon.com·1d ago
What is the US HIRE Bill and why is Indias $250-billion IT sector worried?
The proposed US HIRE Bill could significantly impact Indias IT industry by imposing a 25 per cent tax on outsourcing. Introduced by US Senator Bernie Moreno, the legislation aims to bring jobs back to the US, but it threatens Indian tech giants like TCS, Infosys, and Wipro, which depend heavily on American clients for revenue
cityfalcon.com·1d ago
Nifty clocks fifth session of gains led by IT on Infosys buyback, US rate cut hopes
India’s benchmark Nifty 50 closed higher for a fifth consecutive session on Tuesday, with gains led by information technology stocks on Infosys’ share buyback plan and U.S. interest rate cut prospects. The Nifty 50 and the BSE Sensex gained 0.39% each to 24,868.6 and 81,101.32 points, respectively. Nine of the 16 major sectors rose, with the broader mid-caps and small-caps rising 0.2% and 0.3%, respectively. IT jumped 2.8%, led by a 5% surge in Infosys after it announced plans to consider a share buyback on September 11. The sector accounted for about 79% of the Nifty’s gains on the day, with three of the top four gainers on the index being IT firms. Rupee depreciation and rising bets of a U.S. rate cut also supported a rise in IT stocks, analysts said. “Major IT stocks are down 25%-30% from their lifetime high levels due to uncertainty over U.S. demand. The hopes of some improvement have led to bargain buying,” said Aamar Deo Singh, senior vice president at Angel One. The day’s gains trimmed the IT index’s year-to-date losses to 18.7%.
cityfalcon.com·1d ago