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Infosys hits lower circuit limit of 10% on whistleblower complaint
Shares of IT major Infosys on Tuesday hit its lower circuit limit of 10 per cent in Tuesday's trade after a whistleblower accused its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for several quarters. The scrip hit tanked 10 per cent to Rs 691 in Tuesday’s trade against the previous close of Rs 767.75. Prior to this fall, the stock tanked 21.33 per cent on April 12, 2013.
Axis Bank, Bajaj Finance, Kotak Bank, CEAT and RBL Bank among companies that will declare Q2 earnings today
Price as on 22 Oct, 2019 09:47 AM, Click on company names for their live prices.
Tech view: Nifty50 faces hurdles in 11,630-11,690 range
Nifty50 gained on Friday to enter the key resistance zone between 11,630 and 11,690 levels. Analysts said the upper limit of this range may prove a hurdle, as was the case in Friday’s trade, for extension of the six-day rally.
Asian shares rise in early trade
Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-US trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit. A holiday in Tokyo kept turnover light and MSCI's broadest index of Asia-Pacific shares outside Japan added a slight 0.13 per cent.
US stocks settled higher
The Dow Jones Industrial Average rose 57.44 points, or 0.21 per cent, to 26,827.64. The S&P 500 went up 20.52 points, or 0.69 per cent, to 3,006.72. The Nasdaq Composite Index increased 73.44 points, or 0.91 per cent, to 8,162.99, Xinhua news agency reported on Monday.
US-China trade war eases
US President Donald Trump sounded upbeat on a China deal on Monday, while White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
Oil prices fall on US inventories
Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the US-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand. Brent crude futures were at $59.10 a barrel by 0027 GMT, up 14 cents, or 0.2 per cent, from their previous settlement. Brent settled down 0.8 per cent at $58.96.
DIIs buy Rs 587 crore worth stocks
Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 26.56 crore on Friday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 586.88 crore, data suggests.
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