Moneycontrol PRO
X

business

Market Live: Nifty’s 9-day run halts as Infosys nosedives; IT index down 6% | Mid-day Mood Check

Nifty snaps a 9-day run, its longest winning streak in 2 years, to trade around 17,650. Nifty IT index nosedives nearly 6% following dismal Q4 show by Infosys. Shares of the tech giant slump 11% after brokerages downgrade stock and cut consensus EPS estimate by anywhere between 7-8%. Tech Mahindra sulks after being downgraded to Sell by Citi. Meanwhile, HDFC Bank hit a slips after hitting 52-week high at open. Catch this mid-day market mood check with Nandita Khemka and Yatin Mota to know all about the buzzers in today’s session!

first published: Apr 17, 2023 12:25 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347