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Stock impact report

Indian shares hit two month-low as oil prices rise; U.S. inflation data in focus [Financial Post (Toronto, Ontario, Canada)]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Financial Post
The NSE Nifty 50 index was down 0.45% at 16,167.10 at the close, while the S&P BSE Sensex fell 0.51% to 54,088.39. The indexes fell as much as 1.5% in the session to their lowest since March 9. The Nifty’s smallcap index extended losses to an eighth straight session, closing down 2.9%. Oil rose on Wednesday over supply concerns as the European Union worked on gaining support for a ban on Russian oil and major producers warned they may struggle to fill the gap when demand improves. India is the world’s third-largest importer and consumer of oil, and a rise in crude prices tends to push the country’s trade and current account deficit higher. “Rise in oil prices is one of the reasons (for fall in equities) given India’s vulnerability, but I mostly think it is in anticipation of inflation print that is going to come for U.S. and India,” Yesha Shah, head of equity research at Samco Securities, said. India’s retail inflation data for April is due on Thursday and a Reuters poll showed t Show less Read more
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