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TCS Q1 res...
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HinduBusinessLine

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TCS Q1 results in focus as markets search for direction

  • TCS is expected to post a 0.5% QoQ revenue decline in constant currency terms with flat EBIT margins due to talent investments and lower utilization.
  • India's equity market direction heavily relies on active FPI participation, with sectoral reshuffling driven by tactical FPI investments.
  • The automobile sector emerged as a top performer, attracting significant foreign inflows in June due to lower interest rates and rural demand revival.
  • Foreign investors reallocated funds from power and capital goods sectors to higher-yield sectors like IT, oil & gas, and financials based on valuation drives.

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