The CNX IT Index is the top sectoral gainer on the NSE. It surged over 1.8 per cent intraday to breach important resistance level of 10,000 mark.
According to analysts, most IT companies are likely to report Q1FY15 results in line with markets expectations. Strong demand outlook is pushing the major IT exporters to higher levels.
Infosys, India's second largest software services company, will be announcing its Q1FY15 results on Friday.
According to analysts, most IT companies are likely to report Q1FY15 results in line with markets expectations. Strong demand outlook is pushing the major IT exporters to higher levels.
Infosys, India's second largest software services company, will be announcing its Q1FY15 results on Friday.
According to the HSBC report, most IT companies should report better 2Q growth than 1Q. It expects TCS to maintain its FY15 guidance of growth better than FY14. Infosys BSE 2.43 % is likely to maintain its full year guidance of 7-9 per cent, which is effectively a 50 bps cut due to cross currency benefit.
Sentiment in most IT companies turned positive after better-than-expected Accenture results raised hopes of better business environment.
Sentiment in most IT companies turned positive after better-than-expected Accenture results raised hopes of better business environment.
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