The Nifty IT index fell nearly 3% on October 31, driven by disappointing earnings from major US tech companies. All ten constituents, including Infosys, Tech Mahindra, and TCS, saw declines of 2-5%. Meta Platforms reported weaker user growth and warned of rising infrastructure costs, while Microsoft's revenue guidance also missed expectations.
Hedge fund favorites underperformed the S&P 500 in Q3, gaining 3.4% compared to the S&P's 5.25%. Among the 20 most held stocks, 12 were profitable, with UnitedHealth Group leading at 14.8%. However, major tech stocks like Amazon and Microsoft fell nearly 9%.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
