IT sector has seen a massive improvement in the investor sentiment and has also been rerated since the advent of the pandemic.

A summary of the news that is impacting markets and the economy over the last one week.

In line with Tata Group’s philosophy to promote green manufacturing, Tata Motors and Tata Power today jointly inaugurated India’s largest grid-synchronised, behind-the-metre solar carport at Tata Motors’ car plant in Chikhali (Pune).   

Wipro Limited announced a partnership with Exaware, a leading provider of open network routing solutions to jointly develop advanced engineering solutions to foster innovation in networking & streamline 5G technology upgrades.   

An index fund is a type of mutual fund that imitates the portfolio of the index.

In the Indian stock market, we have seen many stories of penny stocks becoming multi-baggers over a period of time. However, the big challenge in investing in the penny stock is ‘to find a needle in a haystack’. The probability of striking a multi-bagger penny stock is extremely low.  

Datamatics Global Services Limited has made a new 52-week high of Rs 179.70 today by surging 15 per cent during the early morning session. On a YTD basis, the stock has given a return of approximately 55 per cent to the investors.

The broader markets relatively underperformed the frontline indices with Nifty Midcap 100 and Smallcap 100 being down by 1.25 per cent and 1.35 per cent, respectively. Interestingly, India VIX has slipped back below the 15-mark.   

Infosys Finacle, a wholly-owned subsidiary of Infosys, on Thursday after the market hours announced its digital banking software-as-a-service (SaaS) offering, designed as an accessible solution to help Indian urban cooperative banks (UCBs).

Tube Investments of India Ltd recently announced its March quarter results. Since then, the stock has been rallying.