News for eClerx Services Limited (ECLERX.BO)

Buzzing stocks, stocks to watch: Religare, ITD Cementation, MobiKwik, KFin Tech, ITC Hotels, Autoline Industries, OneSource, Lloyds Enterprises, HG Infra, Grasim

Indian markets closed higher on Thursday, led by technology stocks. Positive comments from the US Fed Chair and anticipation of a dovish RBI policy boosted sentiment. FIIs have also started buying Indian stocks.

Indian stock market saw over 250 stocks reaching one-year highs, with Sensex and Nifty closing significantly higher. Swiggy reported a net loss of ₹625.5 crore for Q2FY25 but showed strong order growth.

Indian stock market closed higher, led by Bharti Airtel, Reliance, and pharma stocks. Analysts predict Nifty's potential rise to 24,400, supported by buying momentum and reduced volatility.

Indian markets rebounded on Wednesday, driven by foreign fund inflows and buying in energy, commodities, and PSE sectors. The Nifty is consolidating between 24,100 and 24,420. A decisive move above 24,420 could trigger a further rally. The upcoming November derivatives expiry could influence market direction.

Indian indices, Sensex and Nifty, closed lower on Tuesday, driven by declines in banking, financial, and auto stocks. Sensex fell 821 points and Nifty dropped 258 points. October CPI inflation rose to 6.21%, fueling market concerns for Wednesday.

Indian equity indices surged on Wednesday, marking their biggest gain in over six weeks following Donald Trump's U.S. election victory. The Nifty 50 rose 1.12%, and the Sensex gained 1.13%. Analysts see this as a short-term boost, signaling potential trend reversal.

Buying interest in select heavyweights such as Infosys Ltd, Tata Consultancy Services (TCS) Ltd, Reliance Industries Ltd, HCLTech, Larsen & Toubro (L&T), Bharti Airtel and ICICI Bank lifted the indices higher.

The Nifty Pharma index was trading 0.74 per cent at 22828.95.

Indian indices fell for a third consecutive session, dragged by Bajaj Auto's weak festive sales warning and concerns over high valuations and foreign fund outflows. Sensex fell 495 points, and Nifty declined 221 points. Analyst Rupak De of LKP Securities said that the Nifty has found initial support in the 24,700–24,750 zone. A fall below 24,700 could lead to a significant correction in the market.

Indian indices extended their losing streak for the sixth consecutive session, dragged by corporate earnings concerns and Middle East tensions. Nifty fell 0.87% to 24,795, and Sensex dropped 0.78%. Analyst Rupak De sees a bearish trend, with support at 25,400. Jatin Gedia sees a short-term target of 24,500.

Sensex fell by 638 points on Monday, ending at 81,050. Despite this, five stocks in the BSE 500 index hit their 52-week highs. These highs indicate strong performance and potential for future growth.

Indian indices hit new highs for the fifth straight session, led by financials and energy, while small-caps declined. Nifty closed at 26,004, up 0.25%. Analysts remain positive on the market, with support at 25,800 and resistance at 26,200-26,250.

Aug 14, 2024 / 11:30AM GMTAsha Gupta - Eclerx Services Ltd - IR Hi, everyone. Good evening to all participants. Welcome to the Q1 FY25 earnings call of eClerx S

Several major companies, such as Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric, are set to release their June quarter earnings reports this week.

KPR Mill, eClerx, Granules, Cera Sanitaryware and BLS International are the 5 mid- and smallcap stocks that look strong on technical charts and can potentially gain up to 43% from present levels.

Q4 results today: Among the key companies reporting today, Biocon will be under scrutiny for its revenue growth and profit margins. Hindustan Aeronautics, a major player in the aerospace sector, will also post its results.

Nifty on Wednesday ended 22 points lower to form a Doji candle on the daily charts, which indicates chances of a minor pullback rally. Minor degree positive chart patterns like higher tops and bottoms have been negated recently as per the daily chart.

Q3 Results today: Investors will focus on some on the prominent players Q3 earnings such Adani Ports And Special Economic Zone Ltd, Adani Enterprises Ltd, Bata India Ltd, Titan, City Union Bank Ltd, Raymond Ltd, Mphasis Ltd, and many more.