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Infosys: There is still some time left for the stock market to open. So take heart. Believe me, today is the day of IT companies. Shares of Infosys and Wipro, which had created a stir in the American markets a day ago, are preparing to do wonders in the Indian stock market today. The roar of Wall Street is also heard in Dalal Street. With the rise of IT stocks, their returns will also jump. By the time the market closed on Thursday, Infosys shares had risen by 3.58 per cent and Wipro shares had risen by 2.40 per cent on the American Stock Exchange. The Indian stock market is expected to rise as soon as it opens on Friday.
ADR ran away with the speed of the storm with the report of Accenture.
As soon as the first quarter report of Accenture came, ADRs of Infosys and Wipro ran like a storm on the New York Stock Exchange. ADR i.e. American Depositary Receipt is a tool for foreign and multinational companies to work in the American stock markets. It is like regular shares of American companies. It is like a special certificate given by US Bank. Global IT giant Accenture, in its first quarterly report, has expressed the possibility of a surge in its profits due to generative AI services. This IT company has also claimed to increase its AI workforce from 69 thousand to 80 thousand by 2026. Due to this claim, other IT companies are also expected to see better days.
Good reputation in Indian markets
Both Infosys and Wipro companies have good reputation in the Indian markets. Both of them are considered IT giants of India. Due to their strong IT services, the stock market has always had expectations from them. Investors have been getting rich. With the opening of the stock market on Friday, similar hopes have arisen again.
