News for eClerx Services Limited (ECLERX.NS)

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

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.

Global firm Accenture's fourth quarter results prove that the worst is behind for the Indian information technology (IT) sector, said analysts on Friday (September 27). While the pace and the broadness of recovery is debatable, they said Accenture's results and revenue growth guidance for the next financial year (FY25) reduce downside risks for Indian IT companies.

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.

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.

The 30-share BSE Sensex fell 156 points or 0.24 per cent to trade at 65,520, while the NSE Nifty was down 44 points or 0.23 per cent to trade at 19,631.

A short build-up was seen in 51 stocks, including Delta Corp, Tata Chemicals, Torrent Pharmaceuticals, AU Small Finance Bank and Colgate Palmolive. An increase in OI along with a fall in price points to a build-up of short positions

Buzzing stocks: Adani Ports, Adani Enterprises, Infosys, Wipro, Waffle India, Sejal Glass, Deepak Nitrite, HG Infra, Vikas Lifecare, NHPC, MIC Electronics, Bharat Dynamics, Emami, Gokaldas Exports, GIC, GSFC, Indostar, Infibeam, IEX, IFCI, IRCTC, Mishra Dhatu Nigam, IRFC, Reliance Infra, Strides Pharma, Suen Pharma, TTK Prestiege, Vodafone Idea, Zee Entertainment

Meanwhile, the total share of institutional investors, including FII and DII, on NSE also reached an all-time high of 36.91% in Q4FY23, up from 35.56% in Q3FY23

Stocks to Watch: Check out the companies making headlines before the opening bell today.

During this week, BSE Small-cap index added 6 percent, Mid-cap index rose 3.6 percent and Large-Cap gained 2.2 percent.