The software giant had announced its corporate earnings on Monday. In a span of five days, the shares of the company declined 0.69 per cent while it dipped 0.20 per cent in a span of 30 days.
TCS, among the Nifty 50 companies, was the top loser this morning. It declined over 2 per cent. Analysts attribute the decline to less-than-estimated earnings during the October-December quarter.
Sensex dropped below 60,000 by losing 452 points to 59,900.37 level and Nifty also declined 154 points to 17,837.45 level. The investors were on wait and watch mode as they wait for the US key jobs report which is due for release later on Friday.
The US Federal Reserve officials believe it would not be "appropriate" to begin loosening monetary policy stance in terms of interest rate in 2023, Minutes from the latest policy meeting held on December 13-14 showed.
New Delhi [India], January 3 (ANI/Mediawire): India shares a dichotomous relationship with gold. But the yellow metal could also turn into a catalyst for economic growth. Here's how. India's mad rush for gold has been ill-defined these years. Yes, we are the nation of the land of the golden
Bulls dominated the Indian stock markets on the very first session of the year 2023 as the benchmark indices - Sensex and Nifty - closed on a positive note.