Why infosys share price is down today

The Sensex and the Nifty closed the week with losses of about 1 percent. The Nifty, which hit a record high of 12,158 last week, failed to hold onto the momentum and closed with losses of 1.1 percent for the week ended December 6.Experts are of the view that selling was largely seen in the rate-sensitive pack after the RBI policy outcome. The consolidation may continue in the coming week as well, but 11,700-11,800 is likely to act as crucial support for the Nifty, they say.Below are the top 10 stocks which moved the most this week:Close Whirlpool, up 9% related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty The share price of Whirlpool gained over 9 percent for the week on consistently strong financial performance. A sharp gain in the market price has seen the company enter the list of top 100 companies with the … [Read more...] about Top gainers & losers: Top 10 stocks which moved the most this week, YES Bank tanks 18%

The Indian markets on Tuesday afternoon was trading on a flat note with the Nifty shedding 22 points at 10,395  while the Sensex was up 22 points or 0.7 percent.The Nifty PSU banking index was trading higher by 2 percent led by Bank of India which zoomed over 7 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 3.2 percent while Andhra Bank zoomed over 6 percent.The top Nifty gainers included HPCL which jumped 4.2 percent while BPCL was up 3.96 percent. IOC, Bharti Infratel and Indiabulls  Housing were the other top gainers.Close The top Nifty losers included Tata Consultancy Services which fell 5.4 percent after the big block deal trade in opening trade. Promoter Tata Sons may have offloaded stake in the company. The other losers included HCL Tech, Kotak Mahindra Bank, Coal India and Ambuja Cements. related news … [Read more...] about Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8%

The Indian markets on Monday afternoon continued to trade on a positive note with the Nifty jumping 133 points at 10,360  while the Sensex zoomed 431 points.The Nifty FMCG Index jumped 2.1 percent led by stocks including ITC which gained 3 percent while United Spirits added 4.2 percent. The other FMCG gainers included Tata Global Beverage and United Breweries.The Nifty IT index gained 1.5 percent led by HCL Tech which was up close to 3 percent while Infosys was up 2 percent. Wipro and Cyient were the other top IT gainers.Close The Nifty PSU banking index was however down 2.4 percent dragged by Andhra Bank which plunged close to 12 percent after the Enforcement Directorate filed a charge sheet against a former bank director in an alleged Rs 5,000-crore bank fraud case involving a Gujarat-based pharma firm. related news CLSA remains bullish on Bharti Airtel as fund-raising plan assuages AGR-risk concerns D-Street … [Read more...] about Market Update: CNX FMCG up 2% led by ITC, United Spirits; Bharti Airtel up 3.5%; PSU banks drag

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about US-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.All three major US stock indexes gained ground, hovering within 1 percent of record highs set last week.But as a tumultuous week of contradictory trade news and mixed economic data drew to a close, only the S&P 500 posted a weekly gain. The Dow and the Nasdaq ended the session down from last Friday's close.Close The US economy added 2,66,000 jobs in November, the largest increase in 10 months, according to the Labor Department, blowing past analyst estimates. The unemployment rate edged down to 3.5 percent. related news Wall Street opens higher after strong jobs data, calmer tone on trade Wall Street inches higher as December 15 tariff deadline looms "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said … [Read more...] about Wall Street climbs on solid jobs data, trade hopes; Dow Jones rallies over 300 pts

Manas ChakravartyAt last, we know why the central government was so keen on trying to get the Reserve Bank of India (RBI) to part with its reserves or to speed up bank lending. It was a bit of a mystery why the government of the fastest-growing large economy on the planet was so concerned about growth. The results of the state elections tell us that huge sections of the population were being left out of that growth and the ruling party knew that and was terribly worried about it.The signs of disenchantment have been visible for quite some time. As we pointed out a few days ago, the Reserve Bank of India’s consumer confidence survey showed widespread pessimism about the economy, which has now been translated into votes against the government.Close Is there reason for concern? These were state elections, where local issues dominate and things may well be different in the national elections. More fundamentally, as some economic commentators point out, do governments really make all … [Read more...] about Opinion | What the results of the state elections mean for Modi’s Brave New India