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Monday neatly ended the day down, mainly dragged down by it stocks ahead of tcs' fourth-quarter results. Stocks also fell amid negative signals from global equities. Technology stocks weighed the most on the bar, while banks outperformed on rising bond yields. At home, the sensex fell 482.61 points to end the day at 58,964, while the nifty fell 109 points to close at 17675. About 2072 shares rose, 1,393 fell, and 121 remained flat. Hcl technologies, infosys, l&t, wipro and sbi life insurance were the hardest hit stocks at nifty, while grasim industries, adani ports, jsw steel, upl and cipla rose. The nifty it index fell over 1% while mid-cap and small-cap indices ended the day slightly higher. Tcs will open earnings season for nifty companies.

We expect q4fy22 to be another strong quarter for indian it players in terms of growth despite high base as tier ii companies are likely to outperform tier i companies again. Margin headwinds are expected to increase as supply side pressures are further accentuated by high inflation in the us. The second largest indian company by market capitalization, growth is expected to be broad-based across all sectors. The company continues to see strong demand across technology segments, supported by strong customer demands related to cloud and digital transformation, data analytics, artificial intelligence, 5g rollouts for the internet of things and cyber security. Consolidated after-tax profit for tcs could rise 8% to rs.10,000 crore.