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Stock impact report

Nifty, Sensex end 1% higher; financials lead [Reuters]

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: Reuters
Nifty, Sensex rise; financials offset IT losses on visa curb fears - Reuters 3 Min Read BENGALURU (Reuters) - Indian shares recouped early losses to trade higher on Thursday as gains in financial stocks, following Fed’s rate-cut hints, offset losses in IT counters triggered by a report of U.S. move to cap H1-B work visas. The U.S. Fed said it was gearing up to face global growth and economic risks with rate cuts starting as early a next month. Its comments sent global stocks higher, with the MSCI’s broadest index of Asia-Pacific shares outside Japan rising 0.6%. The broader NSE Nifty was up 0.22% at 11,716.85 as of 0442 GMT, while the benchmark BSE Sensex rose 0.27 % at 39,217.01. Most domestic sectors were trading higher, led by Nifty public sector banking and Nifty pharma sectors, which were up 1.23% and 0.83%, respectively. “Rate cuts are always good for the market. Inflation is low and if we need to have a balanced economy, interest rates must match the inflation,” said Madhumita Show less Read more
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