TCS, Infosys lead IT underperformance while Sensex, Nifty scale new peaks

Out of the Nifty IT pack, Tata Consultancy Services, Coforge, and L&T Technology Services were trading up to 1% lower.
Out of the Nifty IT pack, Tata Consultancy Services, Coforge, and L&T Technology Services were trading up to 1% lower.
Earlier this year, Cantor Fitzgerald had initiated coverage on Adani Enterprises, with an “overweight” rating and a price target of ₹4,368.
Among the nine analysts that have coverage on CDSL, three of them have a “buy” rating, four say “hold”, while two of them have a “sell” recommendation.
Devina Mehra, Founder, Chairperson & MD, First Global is closely watching the fast-moving consumer goods (FMCG) space.
The offer includes a fresh share sale of 1.55 crore equity shares valued ₹342 crore at the upper end of the price band.
All sectoral indices ended in positive territory, with metals and autos leading the gains. ICICI Bank recorded its largest single-day gain since April, rising more than 4%.
Shares of Adani Ports and Special Economic Zone Ld ended at ₹1,441.35, up by ₹33.35, or 2.37% on the BSE.
Nomura upgraded Vodafone Idea to “buy” from its earlier rating of “neutral” but left its price target unchanged at ₹15 per share.
Jefferies has upgraded IIFL Finance to ‘Buy’, saying that an improvement in earnings visibility will support the company’s better multiples.
Sources told CNBC-TV18 that the Adani Group has also joined the race to acquire the stake of the promoters in ITD Cementation.