TCS hits a new high at Rs. 2,900.00 on mega business wins

TCS, Free Stock Tips IndiaIT Companies’ shares surged in the morning trade even through the broader market was trading with minor gains. The BSE IT index was trading with gains of 1.2% at 12,173.92% touching a high of 12,272.23 points.
IT major Tata Consultancy Services (TCS) was trading at its 52-week high on Wednesday reacting news flow on new business wins. The company signed a ten-year deal worth USD 690 million with M&G Prudential, the European savings and investments biz unit of Prudential.
Earlier in the week, TCS entered a multi-year contract for over USD 2.00 billion with Transamerica to enable the digital transformation agility of its US insurance and annuity business lines.
Shares of TCS were quoting Rs. 2889.40 per share, up by Rs. 38.55, up 1.35% on NSE, Wednesday, mid-noon hours.

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Stock Tips Tomorrow 17 Jan- Nifty closes at 10,700, Sensex dropped 72 pts

shares to buy sell todayEquity key benchmark benchmarks Nifty50 and Sensex settled in the negative zone on Tuesday on continued profit-booking across sectors, due to widening trade deficit data stalled Indian stock market. The NSE Nifty closed 41.1 points lower at 10,700.45, while the BSE Sensex dropped 72.46 points at 34,771.05. Shares of Reliance, Tata steels, Tata Motors, ITC, HDFC, SBI, Coal India, contributed the most to the Sensex fall.
In the Nifty index, Wipro, Infosys Ltd, HCL Tech, TCS, Tech Mahindra, Dr Reddy’s, ICICI Bank, Zee Entertainment, HUL, Adani Ports SEZ, UltraTech and Axis Bank stood among the top gainers. In contract, Coal India, HPCL, Bajaj Finance, Reliance, Vedanta, Aurobindo Pharma, Tata Motors, Hindalco Industries, Tata Steel, GAIL India, SBI remained among the top losers.
Nifty IT index surged as much as 3.5% backed by the strong rally in IT stocks such as Infosys, TCS and Wipro, while Nifty Realty Index falls 3% with Unitech Ltd, Indiabulls Real Estate, Godrej Properties, DLF Ltd emerging as the top loser among the sectoral indices, followed by PSU bank and metal indices.
Meantime, The Indian rupee dropped to a 3-week low sliding 62 paise against the USD to hit a three-week low of 64.11 on Tuesday as worries over trade deficit widening to a 3-year high jerked the investor sentiments.

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