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Market News - Infosys down 4%,TCS Gains 3%, Adani Power Falls

Infosys down 4% - Infosys was the worst performer on the benchmark indices as the stock fell as much as 4.7 per cent, the most in over six months, to Rs 712.60. 
TCS Gains 3% - TCS Top Performer On Sensex, Nifty After Q4 Profit Beats Estimates Shares of Tata Consultancy Services rose as much as 3.5 per cent to Rs 2,084. The stock was the top performer on Sensex and Nifty. The company continued to see steady growth in business even as profit remained flat and margin narrowed in the March quarter. 

TCS, Coal India, Tata Motors, Hero Moto, Wockhardt, Lakshmi Vilas Bank, DLF, ITC, GMR Infra, IOC are among major gainers, while losers are Infosys, Gail and ICICI Bank. All the sectoral indices are trading in green led by metal, auto, infra, FMCG, and energy.

Rupee Opens: The Indian rupee opened higher by 8 paise at 69.07 per dollar on Monday versus Friday's close 69.15.

Adani Power Falls-  Despite Regulator’s Relief Shares of the power producer snapped its two-day gaining streak and slumped 3.8 per cent to Rs 51.20 apiece. Central Electricity Regulatory Commission allowed Adani Power’s Mundra thermal power unit to pass on the higher cost of imported coal that had made the project unviable, according to its exchange filing.



Share Market | Infosys | TCS Shares | Rupee Update |


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Market opens: It is a positive start for the indices on Monday with Nifty inching towards 11,100 marks. The Sensex is up 212.54 points at 36883.97, while Nifty up 68.90 points at 11104.30. About 739 shares have advanced, 208 shares declined, and 53 shares are unchanged.

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