The frontline Indian stock indices slipped in the early morning trade, hurt by the disappointing Q4 guidance in USD terms from IT major Infosys. The Infosys stock is down sharply along with other IT peers like TCS, Wipro and HCL Tech. The IT index on both BSE and NSE is down over five percentage points. However, the midcap and the small-cap counters are trading positive. On the sectoral front, the indices are trading mixed. Bank and Capital Goods Indices are leading the list of gainers, whereas, IT and Teck Indices are trading deep down in red. Further, the market breadth is positive as eight stocks are seen advancing for every five declines.
(Pic. Source- bseindia.com)
No comments:
Post a Comment