Private banks, IT stocks dominate Jefferies’ 19-stock India model portfolio

Mumbai: Jefferies’ India model portfolio is heavily loaded with private banks and IT companies and insurers, and the brokerage believes it is a ‘buy on dips’ market. After a 57 per cent rally from the March lows, Nifty has shed 4 per cent in last three days. “…we believe it’s …

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F&O: Bears get an upper hand, but cooling VIX holds out hope

By Chandan Taparia Nifty opened positive on Tuesday, but failed to conquer its short-term hurdle in the 11,300-11,333 zone and drifted towards the 10,180 mark. It then witnessed some recovery from the lows, but the bounces got sold into at the intraday hurdle of 11,250. The index continued its losing …

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IT services industry has stabilised: Rishad Premji

The IT services industry has stabilised with customers coming back, looking for a shift to digital, said Rishad Premji, chairman, Wipro. Speaking at an All India Management Association (AIMA) event, Mr. Premji said Indian IT services industry struggled during the April-June quarter because customers had cut spending on technology early …

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IT firms ride on cloud to grow digital revenue

While digital has different implications for different companies, it typically comprises emerging technologies such as cloud, artificial intelligence (AI), big data, and analytics which have seen a surge in demand when compared with traditional services like infrastructure and application development and maintenance. India’s second largest software exporter by revenue, Infosys …

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