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A jump in weekly jobless claims brings relief to investors

IndusInd Bank in its plea claimed a default of Rs 83.08 crore against the media and entertainment firm promoted by Subhash Chandra.

This comes after U.S. Fed minutes on Wednesday indicated that several policymakers considered pausing rate increases and projected that recent banking sector stress would tip the economy into recession.

The collapse of SVB in the US and Credit Suisse in Europe could significantly impact the BFSI sector, and the next few quarters will be crucial for the IT services industry. The disappointing Q4 results for Infosys showed a constant currency decline of 3.2% and a decline in revenue growth momentum and margins. While a slowdown in revenue growth momentum is expected, there may not be an extreme bounce back in the next few quarters.

Women investors under the age group of 18-24 years have seen consistent rise from 66,417 in Dec 2019 to 2.81 lakh in December 2022, while for the age group between 25 & 35 years, women investors base rose from 8.59 lakh in 2019 to nearly 20 lakh in December 2022.

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.