Indian stocks opened lower on Friday, halting a two-day advance on the Sensex and Nifty as weakness in IT shares weighed on sentiment. The retreat came despite continued optimism around corporate earnings recovery and steady foreign fund inflows. The S&P BSE Sensex fell 111.70 points, or 0.13%, to 83,355.96 in early trade, while the NSE…
Mid-tier IT services company LTIMindtree on Thursday reported a 12% YoY growth in its consolidated Q2 net profit at Rs 1,401 crore versus Rs 1,251 crore in the year-ago period. The profit after tax (PAT) is attributable to the company’s shareholders. The company’s revenue from operations in the quarter under review stood at Rs 10,394…
In the NSE Large Cap pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 5, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above…
Food delivery company Eternal, formerly known as Zomato, is staring at a passive outflow of $840 million as global index majors FTSE and MSCI plan to slash the stock’s weightage in their portfolio. This follows a reduction in the Foreign Ownership Limit (FOL). In FTSE All World Index, the investability weighting from 82.74% to 49.5%.This…