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Indian IT stocks set for worst week in 5 months

BUZZ-Indian IT stocks set for worst week in 5 months ** Indian IT stocks .NIFTYIT slip 4% for the week; set for worst week since May ** Index top sectoral loser on benchmark Nifty 50 .NSEI , which is down 0.4% ** All 10 NIFTYIT constituents in red - heavyweights Infosys INFY.NS , TCS TCS.NS and Wipro WIPR.NS drop ~3% each, HCLTech HCLT.NS sheds ~4%
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Infosys Says Infosys Finacle Launches Data And Ai Suite

BRIEF-Infosys Says Infosys Finacle Launches Data And Ai Suite Oct 30 (Reuters) - Infosys Ltd INFY.NS : INFOSYS - INFOSYS FINACLE LAUNCHES DATA AND AI SUITE Source text: ID:nNSE6WmQYw Further company coverage: INFY.NS
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Nvidia to supply chips to Reliance, other Indian companies in AI push

UPDATE 2-Nvidia to supply chips to Reliance, other Indian companies in AI push Huang, Ambani discuss India's AI ambitions Reliance will use Nvidia's chips in Gujarat data centre Nvidia expands ties with Infosys, Wipro, TCS Adds details of Huang's chat with Ambani; paragraphs 1-5,17-20 By Arsheeya Bajwa and Deborah Mary Sophia MUMBAI, Oct 24 (Reuters) - Nvidia NVDA.O will supply artificial intelligence processors to Indian companies such as Mukesh Ambani's Reliance Industries RELI.NS , the chip g
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Indian shares rebound after 3-day slump but weekly losses continue

INDIA STOCKS-Indian shares rebound after 3-day slump but weekly losses continue Updates with closing levels By Hritam Mukherjee Oct 18 (Reuters) - Indian shares snapped a three-day losing streak on Friday as gains in Axis Bank AXBK.NS lifted heavyweight financials, although foreign fund outflows dragged down the benchmarks to a third weekly loss. The Nifty 50 index .NSEI closed 0.42% higher to 24,854.05 points as of 3:30 p.m.
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Indian blue-chips bounce back from weak start

BUZZ-Indian blue-chips bounce back from weak start ** Indian blue-chips recover from early losses at midday ** NSE Nifty 50 .NSEI and S&P BSE Sensex .BSESN up 0.4% and 0.3%, respectively ** Eight out of 13 indexes trade higher; benchmarks eyeing third straight week of losses ** Private banks .NIFPVTBNK and metals .NIFTYMET top two sectoral pct gain
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Indian shares caught between Infosys-led IT slide and Axis Bank's boost

INDIA STOCKS-Indian shares caught between Infosys-led IT slide and Axis Bank's boost Updates at 11:23 a.m. IST By Hritam Mukherjee Oct 18 (Reuters) - Indian shares inched lower on Friday as a drop in IT stocks after bellwether Infosys's disappointing forecast was nearly offset by an Axis Bank-led rise in financials following the lender's strong results.
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India's Infosys drops after 'dampening' FY revenue outlook

BUZZ-India's Infosys drops after 'dampening' FY revenue outlook Updates with analyst comments, shares ** Shares of Infosys Ltd INFY.NS fall 3.8% to 1,894 rupees in pre-open trade ** India's No. 2 IT services exporter raised FY revenue growth guidance to 3.74%-4.5% from 3%-4%, but analysts say it was lower than expected ** INFY says yet to see a broad-based IT spending recovery; so far, it's limited only to U.S.
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India stocks, rupee, swaps, call at 10:00 a.m. IST

SNAPSHOT-India stocks, rupee, swaps, call at 10:00 a.m. IST . MUMBAI, Oct 18 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN was down 0.4% to 80,599 points, while the broader NSE index .NSEI also declined 0.4% to 24,648, as IT bellwether Infosys INFY.NS slid after a disappointing forecast and automakers' losses deepened. .BO RUPEE: The Indian rupee INR=IN was nearly unchanged at 84.07 versus the U.S.
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India stocks, rupee, swaps, call at 10:00 a.m. IST

SNAPSHOT-India stocks, rupee, swaps, call at 10:00 a.m. IST MUMBAI, Oct 18 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN was down 0.4% to 80,599 points, while the broader NSE index .NSEI also declined 0.4% to 24,648, as IT bellwether Infosys INFY.NS slid after a disappointing forecast and automakers' losses deepened. .BO RUPEE: The Indian rupee INR=IN was nearly unchanged at 84.07 versus the U.S.
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Indian shares drop as Infosys, autos drag

INDIA STOCKS-Indian shares drop as Infosys, autos drag Adds details on market and updates levels as of 09:35 a.m. IST Oct 18 (Reuters) - Indian shares opened lower on Friday, as IT bellwether Infosys INFY.NS slid after a disappointing forecast and automakers deepened their losses, while continuing foreign fund outflows further weighed on sentiment.
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India's Infosys drops after FY revenue growth outlook

BUZZ-India's Infosys drops after FY revenue growth outlook ** Shares of Infosys Ltd INFY.NS fall 2.8% to 1,917 rupees in pre-open trade ** India's No. 2 IT services exporter raised FY revenue growth guidance to 3.74%-4.5% from 3%-4%, but analysts say it was lower than expected ** INFY says yet to see a broad-based IT spending recovery; so far, limi
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Indian shares set for muted open after three-day losing run

INDIA STOCKS-Indian shares set for muted open after three-day losing run Oct 18 (Reuters) - Indian shares are set to open little changed on Friday after a three session losing streak that was sparked by an exodus of foreign funds and disappointing results from marquee companies. The Gift Nifty GIFc1 was trading at 24,728 as of 08:20 a.m. IST, indicating that the benchmark Nifty 50 .NSEI will open near its close of 24,749.85 on Thursday.
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India's Infosys, Wipro top Q2 revenue estimates as spending revives

WRAPUP 2-Infosys, Wipro revenue forecasts fail to impress investors By VarunVyas Hebbalalu, Sai Ishwarbharath B and Haripriya Suresh BENGALURU, Oct 17 (Reuters) - Indian software services providers Infosys INFY.NS and Wipro WIPR.NS issued revenue forecasts below analysts' expectations, suggesting a broad-based recovery in global tech spending was yet to take hold.
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Infosys Sees FY25 Revenue Growth Of 3.75%-4.50%

BRIEF-Infosys Sees FY25 Revenue Growth Of 3.75%-4.50% Oct 17 (Reuters) - Infosys Ltd INFY.NS : SEES FY25 REVENUE GROWTH OF 3.75%-4.50% SEES FY25 OP MARGIN OF 20%-22% Source text for Eikon: [ID:] Further company coverage: INFY.NS
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India's Infosys beats Q2 revenue estimates

India's Infosys beats Q2 revenue estimates Oct 17 (Reuters) - Infosys INFY.NS , India's No.2 IT services exporter, beat second-quarter revenue estimates on Thursday, helped by a recovery in demand from its key financial industry clients. The company's consolidated revenue stood at 409.86 billion rupees ($4.88 billion) for the July-September quarter, beating analysts' average estimate of 408.09 billion rupees, as per LSEG data.
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Muted client spending to hit Indian IT bellwethers' Q2 earnings, analysts say

BUZZ-PREVIEW-Muted client spending to hit Indian IT bellwethers' Q2 earnings, analysts say ** Shares of Infosys INFY.NS and Wipro WIPR.NS inch 1.3% and 0.6% higher, while LTIMindtree LTIM.NS trades 0.3% lower, ahead of their Q2 results ** India's $254 billion IT services sector under pressure amid moderation in global IT spends, analysts at Jefferi
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Indian shares drop as Bajaj Auto's festive sales warning adds to gloom

INDIA STOCKS-Indian shares drop as Bajaj Auto's festive sales warning adds to gloom Adds analyst quotes, details on market and updates share levels By Hritam Mukherjee Oct 17 (Reuters) - Indian shares dropped on Thursday as motorcycle maker Bajaj Auto's warning of weak festival season sales rippled through the industry, adding to the pressure of high stock valuations and the exodus of foreign funds.
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Indian shares drop as Bajaj Auto's festive sales warning adds to gloom

CORRECTED-INDIA STOCKS-Indian shares drop as Bajaj Auto's festive sales warning adds to gloom Corrects paragraph 3 to say Bajaj expects festive season sales growth of 3%-5%, not 1%-2%; and industry expects at least 8% growth, not 5%-6% Oct 17 (Reuters) - Indian shares dropped on Thursday as m otorcycle maker Bajaj Auto's warning of weak festival season sales rippled through the industry, adding to the pressure of high stock valuations and the exodus of foreign funds.
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Indian shares set to open slightly higher; earnings in focus

INDIA STOCKS-Indian shares set to open slightly higher; earnings in focus Oct 17 (Reuters) - Indian shares are likely to open marginally higher on Thursday, with investors awaiting a raft of blue-chip earnings for fresh triggers amid foreign fund outflows. The Gift Nifty GIFc1 was trading at 25,033, as of 07:44 a.m. IST, indicating that the benchmark Nifty 50 .NSEI will open slightly above Wednesday's closing levels of 24,971.30. The Nifty 50 and the S&P BSE Sensex .BSESN ended lower for a secon
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India economic, corporate events on October 17

DIARY- India economic, corporate events on October 17 BENGALURU, Oct 17 (Reuters) - Diary of India economic, corporate events on October 17. ECONOMIC, CORPORATE .BSE500 EVENTS: Start Date Start Time RIC Company Name Event Name 17-Oct-2024 NTS JIST.NS Jindal Stainless Ltd Q2 2025 Jindal Stainless Ltd Earnings Release 17-Oct-2024 NTS TATA.NS Tata Communications Ltd Q2 2025 Tata Communications Ltd Earnings Release 17-Oct-2024 NTS MBFL.NS Mphasis Ltd Q2 2025 Mphasis Ltd Earnings Release 17-Oct-2024
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