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Stock impact report

Sensex, Nifty drop; public sector banks bounce back [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, Nifty edge higher led by IT stocks | Reuters 2 Min Read (Reuters) - Indian shares edged up on Tuesday after two sessions of falls, led by IT stocks and private sector banks, but state-run lenders continued to reel under the fallout of a $1.77 billion fraud disclosed by Punjab National Bank (PNB) last week. PNB shares declined as much as 4.7 percent to their lowest since July 2016 and were headed for a fifth session of slump. They have lost 120 billion rupees ($1.86 billion) in market value since Feb. 12, when the lender disclosed fraudulent transactions at a branch. “There has been a sense of negativity among market participants (after the fraud) and this has shattered the confidence for PSU banks,” said Saurabh Jain, assistant vice president of research at SMC Global Securities, adding that this was benefiting private sector lenders. The broader NSE index was up 0.14 percent at 10,392.85 as of 0538 GMT, while the benchmark BSE index was 0.23 percent higher at 33,851.49. The N Show less Read more
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