IT stocks were on a roll on Tuesday led by midcap counter Coforge which jumped 5.5% to hit its fresh 52 week high of Rs 6,849.50 on the NSE. However, Infosys led the way in terms of contribution to the index. The rally comes amid favourable views taken by domestic brokerages Motilal Oswal and Nuvama … Read more
The market regulator (SEBI) on Monday dropped proceedings against 16 individuals in the Infosys insider trading case. The case came into the limelight after an alert was issued about possible insider trading in Infosys shares around July 2020, which coincided with the company’s results released for the quarter ended June 30, 2020. SEBI investigated whether … Read more
The combined market valuation of eight of the top-10 most valued firms got eroded by Rs 2,01,699.77 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest laggards, in line with weak trends in equities. Last week, the BSE benchmark dropped 1,181.84 points, or 1.43 per cent. The market valuation of … Read more
