TATA CONSULTANCY SERV LT (TCS)
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FPIs Buy Rs 21,715 Crore in Indian Stocks Over 10 Days
Foreign portfolio investors purchased Rs 21,715 crore of Indian equities across 10 sessions, with Nomura suggesting the record selling spree may be nearing its end as outflows moderate. The inflows come as the government reviews capital market taxes, including long-term capital gains tax, and as valuations sit below historical averages. Raamdeo Agrawal noted large-cap valuations have compressed to around 17.5 times earnings, among the lowest multiples seen, while Indian equities outperformed most global markets in dollar terms.
TCS Shares Jump 28% in October to Seven-Month High
TCS shares have surged 28% in October, reaching a seven-month high, driven by strong sector recovery and company-specific momentum. The broader NIFTY IT index trimmed intraday gains, but TCS bucked the trend as the sector logged a sharp monthly rebound. Investors are weighing whether the rally can sustain amid mixed sector performance.
LTTS Shares Surge 15% on 16.3% Q2 Margin, Lifting Nifty IT to 10-Month High
L&T Technology Services posted strong Q2 results with margins hitting 16.3%, sending shares up 15% in their biggest single-day gain in five years and pushing the stock past the Rs 4,000 level. The rally lifted the Nifty IT index to a 10-month high, with Jefferies flagging three IT ideas with up to 50% re-rating potential as investors reassess the sector's reversal.
Nine of top-10 firms add ₹3.65 lakh crore in market value, TCS leads
Nine of India's ten most valued firms together added ₹3.65 lakh crore in market capitalization, with Tata Consultancy Services (TCS) emerging as the biggest gainer. The surge reflects a broad rally in large-cap stocks, though one of the top-10 firms lagged. The story has been reported consistently across multiple outlets with the same core figures.
Nifty IT jumps 11.5% for biggest weekly gain in 18 years
Nifty IT surged 11.5% this week, its biggest weekly gain in nearly 18 years, adding $30 billion in market value. The rally lifted the Nifty above 23,100, driven by global AI rotation into tech stocks, though aviation and FMCG sectors dragged. This marks the second consecutive weekly gain for the index.
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TCS Share Price Live Updates: TCS Surpasses Key Resistance Level - The Economic Times
Story first reported.