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INFOSYS LTD – STOCK Price Crash Wipes ₹53,452 Crore off its Market Value in a day
Infosys Ltd Stock Price today crashed 16% to ₹643.30 after India’s No.2 software services exporter said it is investigating whistleblower claims accusing its top two executives of “unethical practices” to boost short-term profit. Today’s crash wiped off ₹53,452 crore from its market capitalisation. Infosys Chairman Nandan Nilekani said in a statement on Tuesday that the complaints were placed before the audit committee and the non-executive members of the board.
Bank Nifty Trading Tips – Below 28200 Any Rise Sell Sell Target 27150—26300 Very Very Soon – Neal Bhai
Bank Nifty Trading Tips – Below 28200 Any Rise Sell Sell Target 27150—26300 Very Very Soon – Neal Bhai
Indian equity markets and the rupee fell on Monday amid political uncertainty in Jammu and Kashmir. The Indian currency also declined in the backdrop of speculation that Beijing may allow currency depreciation to counter US President Donald Trump’s latest tariff threat.
AXIS BANK LTD Expected Net Profit of ₹1,855 Crore for the June Quarter
Gold Silver Reports (GSR) – AXIS BANK LTD is expected to report a net profit of ₹1,855 crore for the June quarter of FY20 compared with a net profit of ₹701.09 crore in the year-ago period.
Maruti Suzuki India Ltd (MARUTI-532500) – I Told You Below 6000 Big Downfall, CMP 5490, Watch 510 Points Down Enjoy
In an indication that vehicle sales may remain subdued in the upcoming festival season, Maruti Suzuki India ltd – the country’s largest passenger vehicle manufacturer- will not push inventories at dealerships. This comes as most dealer partners are financially stressed and as the overall slowdown in the economy continues keep customers away from showrooms.
Bank Nifty Futures Tips & Quotes – Below 29510 Target 28700—28200
The Bank Nifty has come down reasonably closer to the Put congestion. For the first time in recent weeks, the OIPCR for Bank Nifty is on the bullish side of neutrality, which indicates an expectation of longs to be reinstated, hence a Long Call Butterfly is advised.
MARUTI SUZUKI INDIA LTD – (MARUTI-532500) Sales May Remain Subdued in The Upcoming Festival Season
Gold Silver Reports (GSR) – In an indication that vehicle sales may remain subdued in the upcoming festival season, Maruti Suzuki India ltd – the country’s largest passenger vehicle manufacturer- will not push inventories at dealerships.