Nifty, Sensex rise as drop in inflation raises hopes of monetary easing [Reuters]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Reuters
Nifty, Sensex rise as drop in inflation raises hopes of monetary easing | Reuters 3 Min Read (Reuters) - Indian shares rose on Tuesday, after inflation rate plummeted to an 18-month low, raising optimism that the central bank could ease monetary policy next month, as the nation faces a manufacturing slowdown and weak growth in the farm sector. India’s annual retail price inflation declined to 2.19 percent in December, its lowest level since June 2017, as food prices fell for a third straight month, government data showed on Monday. The outcome was lower than the 2.33 percent recorded in November and broadly in line with a 2.20 percent increase forecast by economists in a Reuters poll. The Reserve Bank of India’s (RBI) Monetary Policy Committee, which mainly monitors retail inflation data and kept interest rates unchanged last month, will have a leeway to soften its monetary stance at its Feb. 7 meeting, economists said. The broader NSE Nifty was up 0.88 percent at 10,832.10 as of 0532
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News
- Infosys Limited (NYSE: INFY) had its "hold" rating re-affirmed by analysts at HSBC Holdings plc. They now have a $20.10 price target on the stock.MarketBeat
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- India's Wipro beats Q4 revenue estimates [Reuters]Reuters
- India's Infosys falls as annual revenue outlook disappoints [Yahoo! Finance]Yahoo! Finance
- India's Infosys falls as annual revenue outlook disappoints [Reuters]Reuters
INFY
Earnings
- 4/18/24 - Beat
INFY
Sec Filings
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- INFY's page on the SEC website