Stock Market Today: An early measure of the Nifty50 index, GIFT Nifty futures, were up 40 points at 24,850 prior to Dalal Street’s opening bell. Sensex and Nifty, the local benchmark indices, are expected to open in the positive territory in today’s session matching GIFT Nifty futures. With an increase in sales from 1-3 percent to 3–4% percent for the fiscal year 2025, India’s second-largest IT company Infosys exceeded expert projections. Infosys was expected by analysts to stick to its 1-3 percent constant currency (CC) sales growth projection for FY25.
Stock Market Today: Stocks in focus
Tata Technologies
Automotive and aerospace OEMs, as well as businesses that manufacture industrial machinery, can benefit from the services offered by Tata Technologies Limited, an Indian multinational product engineering company. Its services include engineering and design, product lifecycle management, manufacturing, design, and IT service management. At Rs 162 crore for the first quarter that concluded in June 2024, Tata Technologies announced a 15% decrease in its consolidated net profit on Thursday.
Infosys
An international information technology organisation based in India, Infosys Limited offers outsourcing, information technology, and business consulting services. According to 2020 revenue data, Infosys is the second-largest Indian IT company, behind Tata Consultancy Services. The exporter of IT services announced a strong 3.6% quarter-over-quarter revenue growth in constant currency, exceeding projections driven by widespread expansion in all verticals.
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