Infosys Ltd Share Price

Infosys Foundation Grants ₹31 Crore to Medical College

IT Shares Fall for 6th Session; Coforge, Infosys, TCS Slide

Today's Opening- Weak Start, IT & Banking Under Pressure

The market opened weak today, Sensex fell around 500 points, Nifty slipped below 23,550 in early trade. IT and banking stocks led the selling, with Infosys and SBI among the decliners, while ONGC and Adani Enterprises bucked the trend and opened higher. This comes on a day when six mainboard IPOs (Rentomojo, Asset Reconstruction Company India, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, Karamtara Engineering) are opening for subscription simultaneously- a rare event pulling investor liquidity toward the primary market, which could be adding to the soft tone in secondary market trade. Pharma stock to watch:

Pre Market Report & Global Cues | 09 September

Global cues are weak this morning. US markets closed in the red. Dow fell 1.18%, S&P 0.58%, and Nasdaq 0.32%. The main reason is strong US job data (162K vs 53K expected), which has again increased the chances of a rate hike. Because of this, the US 10Y yield is holding near 4.79%, and that is keeping pressure on global markets. Crude oil is the bigger concern right now. Brent is close to $99.5 after fresh tensions in West Asia and issues around the Strait of Hormuz. For India, this is clearly negative as it affects inflation and keeps pressure on the rupee. There is also some global uncertainty after Canada imposed tariffs on US goods, which is adding to the cautious sentiment. Asian markets are mixed. Kospi is up around 1.6%, but Hang Seng and Straits Times are slightly weak. Because of this, Gift Nifty is indicating a flat to slightly positive start. On the domestic side, India 10Y yield is around 6.95%, which is still on the higher side. The rupee has weakened to 94.8, showing pressure due to rising crude. Nifty closed at 23,635 in the previous session and the overall trend still looks weak. Even if we open flat, the market needs strong buying to turn positive. One more thing to note: ADRs were weak: Infosys, Wipro, HDFC Bank and ICICI Bank all saw selling. So IT and banking stocks may start the day under pressure. There will be stock-specific action as well. On the positive side, Enviro Infra has won a ₹190 Cr order, TCS secured a government deal, and NLC India got a 200 MW wind project. Raymond is also in focus after approving a fund raise. On the negative side, Moschip may see pressure due to a legal issue, while Biocon and Sanofi India may remain volatile due to ongoing developments. Sector-wise: Oil-sensitive sectors like aviation, paints and tyres may remain under pressure due to high crude. IT stocks may stay weak after the ADR fall. Capital goods and infra may see stock-specific buying.

PRE MARKET--> MARKETS NEAR AT LAST SUPPORTS BUT IT STOCKS..!

भारतीय बाजार के लिए आज का Pre-Market Setup काफी cautious नजर आ रहा है। GIFT Nifty कमजोर है, Crude Oil elevated levels पर बना हुआ है और U.S. markets हल्की कमजोरी के साथ बंद हुए हैं। इसके ऊपर Infosys ADR में करीब 4.9% की तेज गिरावट ने Indian IT stocks पर दबाव बढ़ा दिया है। लेकिन एक interesting factor भी है — Nifty और Bank Nifty दोनों का PCR काफी नीचे आ चुका है, जिससे market positioning काफी cautious हो गई है। @@Crude Oil बना सबसे बड़ा Risk Crude Oil अब $100 के बेहद करीब पहुंच गया है। Brent करीब $99/barrel तक पहुंचा है, जबकि geopolitical tensions ने oil prices को support दिया है। ##IT Stocks पर बढ़ा Pressure U.S. market में software stocks पर AI disruption की चिंता बनी हुई है। इसके साथ Infosys ADR करीब 4.87% गिरकर $11.13 पर बंद हुआ। Wipro और दूसरे Indian IT ADRs में भी कमजोरी ने sentiment को प्रभावित किया है। आज नजर रहेगी: •

Global macroeconomic risk enters Indian portfolios