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TCS and Infosys will release their Q3 earnings today amid expectations of weak numbers. However, bulls believe that this could be the last dull quarter before revenue growth picks up in Q4. Analysts anticipate TCS to deliver 1.5% QoQ cc revenue growth driven by large deal ramp-ups, with margin expansion driven by operational efficiencies. On the other hand, Infosys is expected to see a decline in USD revenue due to seasonal furloughs and the impact of a slowdown in discretionary tech spending.

Bitcoin holds firm after regulators approve ETFs

Updated at : 2024-01-11 12:40:03

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It had surged to its firmest in 21 months at $47,897 earlier in the week in anticipation of the SEC approval, after those expectations contributed to an impressive 156% gain in bitcoin last year.

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Sanjiv Bhasin believes SBI is still the most undervalued stock and recommends staying with it. He also suggests LIC Housing and AB Capital as potential outperformers in the NBFC space. Bhasin mentions DCB Bank as a small cap dark horse with the potential for significant outperformance. He discusses the volatility of IT companies and advises sticking with the best large caps. He suggests considering NBFCs and select midcap PSU banks.

"The dollar index has recovered from lower levels after FOMC minutes stated that the time of interest rate cut is not yet confirmed. We also see thin demand for gold and silver in the physical markets," Anuj Gupta, Head-Commodity & Currency, HDFC Securities said.

A White Marubozu is a bullish candlestick pattern in technical analysis.

Gold continues to be in a steady long-term bull market. I see 10% upside in the medium term over 6-9 months and much higher in the long term is definitely on the cards.

The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 crore, and net profit is expected to increase by nearly 7% to Rs 4,085 crore, according to the average of estimates given by 11 brokerage firms.

Analysts expect Wipro to see a 2.5-3.2% sequential decline in constant currency revenue growth in the information technology services business, but this will be lower than that guided by the software services exporter.

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The level of 3,000 of the Interglobe Aviation stock was a strong resistance and psychological barrier for Indigo. The stock has been trading below it with compressed volatility for the past one month. However, the stock broke out of this range on Wednesday with good volumes.

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