23:12
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The 30-share BSE Sensex fell 44.14 points to 26793.06 and the 50-share NSE Nifty declined 13.60 points to 8121.50. The BSE Midcap and Smallcap indices slipped around 0.4 percent each.
However, Infosys gained 1 percent. Infosys is said to be confident of beating Nasscom’s guidance for FY2016 (which is expected to be USD Y-o-Y growth of 12-14 percent) on back of improved percentage of deals won in the last 10-12 weeks. The brokerage has maintained its buy rating with a price target of Rs 2,630.
Axis Bank rose 1 percent too after RBI said FIIs can invest in bank as shareholding is below threshold limit. Wipro was up 1 percent.
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Posted in: Indian Market Tips
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