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Ep-976 | Daily Money Show | Stock Market News Today
Takeaway
Despite a broad selloff, TCS's earnings beat sets a positive tone for the rest of the IT sector this quarter.
Summary
- Sensex closed down 241 points at 77,378; Nifty fell 95 points to 23,431 on Vaikunta Ekadashi session
- Midcap index corrected 2.6%, smallcap 2.36%, Bank Nifty 1.55% — broad pressure
- TCS stock reacted positively after Q2 results matched estimates plus strong deal wins and positive management commentary
- Builds expectations for other IT stocks to post better numbers
- Highlights a smallcap company that won a significant order (detailed in episode)
daily marketTCSIT sector
Original description
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