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.