Why infosys share price is half

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%

Hareesh VDespite positive Chinese manufacturing numbers and improved trade deal optimism, Zinc prices in the international and domestic markets tumbled to multi-month lows.Prices gained considerably in the first half of the year but nosedived to a three year low by September on feeble demand expectation from China.Close China is the world’s largest zinc producer. Additionally, the country is the top consumer, accounting for about half of the global consumption. However, the 16 months old trade dispute with the US has roiled the Chinese manufacturing sector and demand for zinc. related news How to evaluate your risk appetite? December is usually volatile, pause is not negative trigger as articulated Jute could be among priority industries to bet on in next rally Zinc is largely used for galvanising steel, hence, about 50 percent of global demand is from the construction sector. Transportation, infra, industrial machinery and consumer products are the other … [Read more...] about Trade deal optimism, positive China manufacturing data may limit further downside in Zinc

December is that month of the year when activities in automotive companies cool down considerably especially in marketing and promotion of new products. It is also the period of drawing and redrawing targets for the coming year.But this is not the usual December.Companies are breaking their backs at work instead of readying for a leisure holiday. More on this in the latter part of the copy, but first here is a complete look at what made headlines in the auto space this week.Close Mercedes to launch EV in India in 2020 related news Tax cuts under consideration, focus on boosting growth, says Nirmala Sitharaman Moneycontrol Pro Weekender: The curious incident of the MPC in the slowdown Robots are not just taking away jobs, they are making life tougher for staff In 2020, two German luxury carmakers -- Mercedes and Audi -- will enter the electric vehicle (EV) market with an India launch each as the push for greener mobility gathers steam in the luxury … [Read more...] about This week in Auto: Carmakers keep December unusually hot; Bajaj launches Husqvarna in India

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