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Promoters held 44.07 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 18.24 per cent and 18.43 per cent, respectively.

Bitcoin surged above $102,000, driven by optimism ahead of Trump’s inauguration and a lower-than-expected core inflation report in the US. The likelihood of further Federal Reserve rate cuts fueled market sentiment. Major altcoins, including XRP, Solana, and Dogecoin, also saw gains. Analysts point to growing investor confidence and Bitcoin’s return to the $100,000 mark as key signals for the crypto market.

A total of 7,443 shares changed hands on the counter till 12:02PM (IST).

The stock traded at a P/E multiple of 46.99, while the price-to-book value ratio stood at 5.73.

The Nifty Pharma index closed 0.29 per cent at 21909.75.

The RBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee internationalisation. These accounts, including SRVAs, require prior RBI approval. This initiative aims to reduce reliance on freely convertible currencies and promotes cross-border transactions using local currencies, enhancing trade and investment opportunities for Indian exporters and foreign investors.

Infosys did better than peers Tata Consultancy Services (TCS) and HCLTech in terms of beating analyst expectations, while echoing similar sentiments regarding an "improvement in discretionary spends" in select segments in core geographies

These bonds, issued by the Reserve Bank of India on behalf of the government, earn more than 10-year benchmark government bonds and fixed deposits, distributors said.

The downward start in Asia comes as a global risk rally this week, sparked by traders re-adjusting Federal Reserve interest rate cut bets following Wednesday’s benign inflation data, loses steam. The focus will now shift to official Chinese data due Friday that is likely to show the world’s second-largest economy failed to break a deflationary cycle last year.