Nifty IT jumps over 2.5% as strong US software earnings revive sector optimism

Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%.   Domestic technology stocks witnessed strong buying momentum in Monday’s trade on…

ADB says India’s GDP growth to moderate to 6.9% in current fiscal before accelerating to 7.3% next year

ADB said the moderation in growth is on account of heightened global uncertainty due to the West Asia conflict, higher energy prices and volatile trade and financial conditions. The Asian Development Bank (ADB) projects India’s gross domestic product growth will ease to 6.9% in the current fiscal year from 7.6% in the previous year before…