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HCL Technologies Ltd.

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As many as 13 stocks on the BSE500 hit their fresh all-time highs during the week.

The Nifty IT index was trading 0.35 per cent up at 15,637.45 around 10:10 am.

The Steve Jobs-founded company launched iPhone 6 on September 9, 2014.

Firm global cues capped downside and bargain hunting gradually pushed Sensex higher.

HCL Tech reported strong Q1FY20 numbers which are much in line with expectations.

​BSE IT and BSE Teck indices are up 3.83% and 2.89%, respectively, since the end of June.

Buy HCL Technologies Ltd. at a price target of Rs 1150.0 and a stoploss at Rs 1080 from entry point.

Analysts believe the rupee weakening would result in margin benefits in the short term.

The Nifty IT index was trading 0.72 per cent up at 16,125.25 around 10:14 am.

India's economy likely expanded at its weakest pace in more than five years in April-June.

As many as 24 stocks in the Sensex pack were trading in the red.

Despite reversal in tax surcharge, FPIs remained sellers due to clouds over trade war fears.

The headline index has been finding multiple hurdles in 11,145-11,150 zone.

The US yield curve inverted further to levels not seen since 2007, rekindling fears of a recession.

The Nifty IT index was trading 1.41 per cent down at 15,665.60 around 09:59 am.

Barring BSE IT and Teck, other sectoral indices were trading on a firm note.

Buy HCL Technologies Ltd. at a price target of Rs 1125.0 and a stoploss at Rs 1045 from entry point.

Expats at the helm can help improve corporate governance and transparency

Expats at the helm can help improve corporate governance and transparency

Only 2.9 per cent of BSE universe have delivered positive returns since early 2018.

Care Ratings said that the ongoing economic slowdown has started hurting corporates.

As many as 17 stocks in the Sensex pack were trading in the red in early trade.

Propose extension of Special Economic Zones benefits for 20 more years; cite lower tax in other nations.

As many as five stocks in the Sensex pack were trading in the green in early trade.

TCS, Infy, HCL Tech, Wipro, TechM hired over 27,300 compared to 17,383 in the same period last year

For the week, BSE Sensex rose 1.24%, to 37,581, while NSE advanced 1.02% to 11,109.

The rupee's rise against the US dollar and improved global sentiment also influenced market sentiment.

"We maintain neutral as we watch out for the revenue performance from IPs post the integration next quarter," said the brokerage.

For FY20 expected operating margin (EBIT) range is from 18.5 per cent to 19.5 per cent.

HCL Tech maintained its FY20 revenue guidance at 14-16 per cent in constant currency terms.

The IT firm is expected to retain its guidance of 7 to 9 per cent for organic revenues and 18.5-19.5 per cent Ebit margin.

The RBI MPC will announce its third bi-monthly policy of the ongoing fiscal today.

HPCL, Lupin, Adani Power, Aurobindo Pharma and India Cements will announce Q1 earnings today.

Wadia Group Chairman Nusli Wadia's wealth dropped by about $1.44 billion to $5.86 billion.

The Nifty IT index was trading 1.14 per cent down at 15,324.40 around 10:01 am.

Investors anxiously waited for the Fed meet outcome today.

The MACD is known for signalling trend reversals in traded securities or indices.

Investors stayed away from the riskier equities, awaiting anxiously for the Fed outcome.

As many as 293 stocks, including Aban Offshore & Khadim India hit 52-week lows on BSE.

Gadkari also listed ensuring transparency and giving returns on deposits as challenges before the banking sector.

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