Shares of TCS, Infosys, Tech Mahindra, Wipro, LTIMindtree, Persistent Systems, and L&T Technology Services ended 1-3% higher on the NSE, while the Nifty IT index ended nearly 2% higher.
A technical analyst, Nagaraj Shetti, believes that the Nifty index is likely to decline further in the near future. He points to the formation of
Kumar Rakesh from BNP Paribas predicts weaker auto sales in September due to Pitru Paksha, with a potential rebound in October. The passenger vehicle industry
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