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Stock impact report

Sensex rises; IT stocks extend gains [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
Sensex rises; IT stocks extend gains | Reuters 2 Min Read (Reuters) - Indian shares rose on Friday with IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd extending gains for a second day as the rupee hovered near a 16-month low against the dollar. Short positions in the Indian rupee hit their highest level in nine months, a Reuters poll showed last week, with sentiment soured by rising oil prices which will add to the country’s already widening trade deficit. “Over last couple of weeks, shares were volatile because of the Karnataka state elections. But now, markets have somewhat stabilised and IT stocks are attractive because of the weak rupee,” said Pritesh Thakkar, Equity Research Associate at KR Choksey Investment Managers. Asian shares were little changed on Friday amid concerns that U.S. President Donald Trump will call off a key summit with North Korea. On Wall Street, the S&P 500 ended 0.2 percent lower on Thursday. The broader NSE Nifty was up 0.44 percent at 10, Show less Read more
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