Tech companies :quater returning

 A big day for Indian stock Market as the three most top tech companies of India i.e TCS,WIPRO,and INFOSYS is going to report
report their December quarter earnings later in the day
 Overnight, US stocks bounced and Treasury yields retreated on Tuesday in choppy trade as investors absorbed remarks from the Federal Reserve that interest rates are likely to rise this year, as expected. The Dow Jones Industrial Average closed up 0.51 per cent, the S&P 500 added 0.92 per cent, and the Nasdaq Composite climbed 1.41 per cent.So it is highly anticipating that the Indian stock market will have a good time today.

INFOSYS: Speculation have been around that Infosys will report a strong 7.1 per cent QoQ jump in net profit to Rs 5,809 crore, on the back of a 7.6 per cent QoQ rise in total income to Rs 31,867 crore. The company also upped its FY22 revenue guidance to a range of 19.5 per cent to 20 per cent from the earlier 16.5 per cent to 17.5 per cent.
TCS : While India largest tech company TCS is expected to report a growth of growth of 1.4 per cent on QoQ basis in net profit at Rs 9,769 crore, and a 4.3 per cent growth in total revenue to Rs 48,885 crore for the quarter ended December 2021. The company’s board also approved a share buyback plan worth Rs 18,000 crore at Rs 4,500 per share.
WIPRO: Meanwhile wipro is not performing according to the Market expection and 
as it’s net profit is expected to be around 1.3 per cent on a QoQ basis at Rs 2,969 crore for the third quarter .
Meanwhile eyes are also upon other tech companies Vodafone Idea, Mahindra and Mahindra,Rites,Paytm ,Dixon technology
Hkg.

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