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Stock impact report

Indian shares rise after historic rout as Fed lifts sentiment [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
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Company Research Source: Reuters
Indian shares rise after historic rout as Fed lifts sentiment BENGALURU (Reuters) - Indian shares eked out gains on Tuesday after their worst one-day decline on record, as sentiment improved after the U.S. Federal Reserve pledged to spend as much as needed to steady a financial system shaken by the coronavirus pandemic. The Nifty rose as much as 5.6% in early trade but pared most of the gains to trade 0.55% higher at 7,650.65 by 0424 GMT. The Sensex was 0.37% higher at 26,077.41. The Fed on Monday rolled out an array of measures to support the U.S. economy, including purchases of corporate bonds and a plan to expand its asset purchases by as much as needed to stabilize financial markets. E-Mini futures for the S&P 500 were up 3% on Tuesday and Japan’s Nikkei rose 6.2%. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 4.2%. “The Fed boost has helped our markets but a general weakness still remains because we are in the early stages of assessing the impact of the virus, Show less Read more
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