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ADRs of Infosys are currently trading 8.51% lower at $15.62. A poll by ET Now had expected Infosys to clock a profit of Rs 6,550 crore and revenue at Rs 38,850 crore

The company has also declared a final dividend of Rs 17.50 per equity share for the financial year ended March and fixed June 2 as the record date for the same.

The four individuals have been barred from selling, disposing off or diluting their shareholding in the company, directly or indirectly, until further orders

After a winning run for eight straight days, equity markets ended flat on Thursday as investors stayed cautious ahead of a three-day holiday. The sentiment was negative on IT stocks after TCS Q4 numbers disappointed the Street and so was Infosys.

The CPI inflation released yesterday came in relatively lower. Nifty ended marginally higher at 17,828. Meanwhile, broader markets outperformed the headline indices.

Nifty is now trading above its 50 and 200-day SMA (Simple Moving Average) and on intraday charts it is holding a higher bottom formation, largely positive.However, chartists point out that momentum indicators are hinting at temporary overbought conditions and due to this we could see range bound activity in the near future.

The Organization of the Petroleum Exporting Countries (OPEC) flagged downside risks to summer oil demand in a monthly report on Thursday. But OPEC kept its forecast for global oil demand growth in 2023 unchanged.The market is a keeping a close eye on indicators of economic growth, which Tamas Varga of oil broker PVM described as fragile

Sanjay Agarwal has been reappointed for a period of three years, from April 19, 2023, to April 18, 2026. Also, Uttam Tibrewal has been reappointed as whole-time Director of the Bank for the next three years.

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Scores of traders complained of losses as they were unable to square off positions.