The Indian stock market is wrapped in Christmas cheer as the Nifty trades at 25,979, firmly holding above the key 25,900 bull zone with 90 minutes left to potentially reclaim 26,000. Bank Nifty supports the rally, up 200 points to 59,112, while broad-based strength shines through - a robust advance-decline ratio of 1,922 advancing versus 800 declining stocks. Midcaps and small caps lead with Nifty Alpha 50 up 1%, Small cap 100 gaining 0.8%, and Midcap 100 rising 0.6%. Standouts include Shriram Finance hitting a record high on news of a potential $4.5 billion investment, Power Grid, Titan, Hindalco, and buzzing names like Tata Elxsi, JK Tyre, and pharma stocks. After a painful week, Nifty respects the 21-day EMA, signaling hope for a greener close to 2025.
PL Capital said its interaction with the Chief Financial Officer of Tata Elxsi reaffirmed that while the automotive segment was stabilising, the broader business continued to face pressure.
Tata Elxsi, Tata Technologies, TCS shares correction: While Tata Elxsi has lost 23%, Tata Technologies shares have fallen 24.44% in 2025. Another Tata Group stock TCS is down 22.62% during the period.
Tata Elxsi, Tata Technologies, TCS shares in a downtrend: While Tata Elxsi has lost 52% from its record high of Rs 10,760, Tata Technlogies stock has fallen 52% from the high of Rs 1,400. TCS shares too slipped 32% from the record high of Rs 4,592.
Tata Elxsi's revival hinges on a sustained pick-up in OEM spend and the ramp-up of large deals over the next 6-8 quarters.
Stocks including TCS, WeWork India, Tata Elxsi, Mahindra & Mahindra, ICICI Prudential, Afcons Infra, RailTel Corporation, NTPC Green Energy and more will be in the spotlight on Friday, October 10.
Stocks including TCS, Lupin, Coal India, Senco Gold, CONCOR, Prestige Estates, Tata Elxsi, IRCON, Escorts Kubota and more will be in the spotlight on Thursday, October 09.
As the result season for the September 2025 quarter kicks-off officially from Thursday, October 9, Tata Elxsi is also set to announce its earnings for the period ended on September 30, 2025.
The global IT services industry continues to accelerate its adoption of artificial intelligence, focusing on modernising legacy systems.
TCS, Avenue Supermarts (DMart), Tata Elxsi and Elecon Engineering Company will post their quarterly results in the coming week.
Tata Technologies Ltd, Tata Elxsi Ltd, Tata Teleservices (Maharashtra) Ltd, Tata Communications Ltd, Tata Chemicals Ltd and Tata Power Company Ltd contributed negatively to the group m-cap.
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