Stock Market

NEW DELHI: IT shares were trading lower with Nifty IT index down 0.88 per cent at 14,197 in Friday morning trading session ahead of Infosys Q3 data. Shares of Infosys were little changed on Friday ahead of its December quarterly earnings.

Investors are sitting tight on stock as brokerages do not expect any upbeat show from Infosys in view of its focus on growth against profitability.

All eyes are on any revision in revenue growth guidance, a possible share buyback announcement and a likely upward estimate in margins in wake of a fall in rupee.

Shares of Tata Consultancy Services (down 2.02 per cent), Infibeam Avenues (down 1.26 per cent), Tata Elxsi (down 1.07 per cent) and MindTree (down 0.97 per cent) were worst performers in index.

NIIT Technologies (down 0.86 per cent), HCL Technologies (down 0.56 per cent) and Infosys (down 0.43 per cent) too were trading with losses.

Benchmark NSE Nifty50 index was down 14.10 points at 10,807.50 around 10:46 am while BSE Sensex was down 45.05 points at 36,061.45.

Among 50 stocks in Nifty index, 24 were trading in green, while 24 were in red.

Shares of YES Bank, Tata Motors, Ashok Leyland, TCS, ITC, Hindalco Industries, SBI, Bank of Baroda and ICICI Bank were among most traded shares on NSE.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm


STRIPE





21