3 IT stocks to watch out for on August 16

On Tuesday morning, the benchmark indices Nifty 50 and Sensex are trading higher on the back of better CPI data released by the government.

Sensex is trading 59,899.30, up by 0.73%, and the Nifty 50 was trading at 17,823.55, up by 0.71%. Nifty IT index is at 29,942.30, up by 0.19%, whereas BSE IT is trading at 30,455.21 up by 0.34%.

Keep a close eye on these trending IT stocks on Tuesday, 16, August 2022:

Tata Consultancy Services Limited: To deliver its Customer Intelligence & Insights (CI&I) analytics platform, the IT major has established a cooperation with Five Star Bank, a division of Financial Institutions, Inc. In Central and Western New York, Five Star Bank offers consumer and business financing services. To better satisfy customer expectations and promote competitive differences, the bank was searching for a system that offers contextual consumer insights. The shares of TCS were trading 0.10% higher, on the BSE in the morning session.

Wipro Limited:  Wipro Limited has announced the establishment of Wipro Shelde Australia to help the Australian government and critical infrastructure industries manage the cyber threat landscape. In 2021, Wipro purchased Ampion, and by combining its two companies, Shelde and Revolution IT, it obtained access to specialised Australian engineering, DevOps, and cybersecurity expertise. Shelde will now market its specialised Australian cybersecurity services as part of the new package. Shares of Wipro were trading 0.60% higher on the BSE.

Happiest Minds Technologies Limited: Identity Vigil 2.0, a next-generation signature IDaaS MSSP solution powered by OneLogin, a cloud-based identity and access management (IAM) provider that creates and develops secure and unified access management (UAM) platforms, has been released by Happiest Minds Technologies. Happiest Minds Technologies' Identity Vigil is brand-named identity management managed services platform. The cutting-edge 360-degree platform, which is extremely scalable, offers safe access to SaaS and corporate apps across roles and privileges. Identity Vigil now has authentically hosted and managed IDaaS credentials as a result of its partnership with OneLogin, a global leader in Access Management 2.0. The scrip of the IT company was up by 2.26%, on the BSE today.