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Stock impact report

Sensex snaps losing spree, inflation data lifts sentiment [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 inch lower as retail inflation rises; IT stocks drag - Reuters 2 Min Read (Reuters) - Indian shares edged lower in topsy-turvy trade on Tuesday, a day after the country’s retail inflation hit a six-month high and investor sentiment was hurt by deteriorating Sino-U.S. trade talks. Annual retail inflation in April was 2.92%, up from the provisional 2.86% in the previous month, keeping hopes alive for a key interest rate cut in June. “We are expecting RBI to cut the policy rate in June, but ongoing market and geopolitical volatility could cause the INR to weaken and oil prices to spike, getting in the way of a dovish central bank,” Radhika Rao, economist at DBS, said in a note. Broader Asian peers also slid after China said it would impose higher tariffs on $60 billion of U.S. goods following Washington’s decision to hike its own levies on $200 billion in Chinese imports. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.27%. The broader NSE Nifty was do Show less Read more
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