US brokerage JP Morgan maintained its ‘underweight’ rating on TCS and cut the price target citing rich valuations at a time the IT giant reported its slowest June quarter ever.
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to
Last month, the US economy added only 29,000 jobs, significantly below the economists’ forecast of 90,000 jobs. The unemployment rate rose to 4.2%, indicating a
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