Indian shares drop over 2% on inflation worries, IT leads losses [Financial Post (Toronto, Ontario, Canada)]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Financial Post
The NSE Nifty 50 index ended down 2.65% at 15,809.40, while the S&P BSE Sensex dropped 2.61% to 52,792.23. The benchmark indexes that were up more than 2% for the week as of Wednesday, erased most of those gains in their second straight session of declines. They have fallen nearly 7% so far this month. Asian and European shares also tumbled after a brutal selloff on Wednesday on Wall Street that saw the S&P 500 falling the most since June 2020. “The domestic market has resumed a downtrend taking cues from our global counterparts, U.S. markets specifically,” said Ajit Mishra, vice president, research at Religare Broking. All major nifty sub-indexes fell, with the Nifty IT index leading losses, down 5.74%. Earlier in the session, the sub-index dropped to its lowest since June last year. J.P. Morgan analysts said on Thursday surging inflation, supply-chain issues and the hit from the Ukraine war will bring an end to the growth boom that India’s IT services industry enjoyed during th
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News
- Infosys (INFY) to Report Q4 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
- Indian IT Firms' Outlook Seen Brighter After TCS Earnings Beat [Yahoo! Finance]Yahoo! Finance
- India's TCS misses Q4 revenue estimates [Reuters]Reuters
- Indian Tech Earnings May Show Worst Is Over for Showpiece Sector [Yahoo! Finance]Yahoo! Finance
- Indian Tech Earnings May Show Worst Is Over for Showpiece Sector [BNN Bloomberg (Canada)]BNN Bloomberg
INFY
Earnings
- 1/12/24 - Beat
INFY
Sec Filings
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- 1/22/24 - Form 6-K
- INFY's page on the SEC website