Nifty rangebound after Infosys Q4; WPI inflation eyed; rupee surges

Epic Update InfosysEpic Update Infosys

Benchmark indices were trading in the red zone, amid muted global cues and lower-than expected results of IT major Infosys.

The Sensex was down 57.64 points at 29585.84, while the Nifty was down 17.60 points at 9185.85. The market breadth was in the negative as 1,454 shares advanced against a decline of 937 shares, while 116 shares were unchanged.

Infosys, Adani Ports and Hindalco were top losers on both the indices, while ICICI Bank, Bajaj Auto, Bank of Baroda and IOC gained the most.

The Indian rupee recovered sharply after Wednesday’s fall, at 64.31 against the US dollar, up 36 paise from previous close.

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Epic Research
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