Indian Market Outlook for the week - 21 to 24 .08.2017
Indian Market Outlook for the week - 21 to 24 .08.2017
( www.rupeedesk.in )
After plunging over 13% during the day, stocks of Infosys are expected to stabilise next week as "all the bad news has been factored in”. However, remain cautious, awaiting developments regarding management changes over the weekend. Yesterday, the Infosys lost over 224 bln rupees in market capitalisation after Vishal Sikka resigned as the managing director and chief executive officer of the company, citing 'sickening' levels of accusations being levelled against him by Infosys founder Narayana Murthy. Yesterday, the stock ended 9.6% lower at 923.25 rupees. The broader market is expected to remain in a narrow range next week due to lack of significant domestic cues and subdued
global sentiment following concern over US President Donald Trump's ability to implement economic reforms.
Source : Cogencis Information Services Ltd.
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Indian Market Outlook for the week - 21 to 24 .08.2017
( www.rupeedesk.in )
After plunging over 13% during the day, stocks of Infosys are expected to stabilise next week as "all the bad news has been factored in”. However, remain cautious, awaiting developments regarding management changes over the weekend. Yesterday, the Infosys lost over 224 bln rupees in market capitalisation after Vishal Sikka resigned as the managing director and chief executive officer of the company, citing 'sickening' levels of accusations being levelled against him by Infosys founder Narayana Murthy. Yesterday, the stock ended 9.6% lower at 923.25 rupees. The broader market is expected to remain in a narrow range next week due to lack of significant domestic cues and subdued
global sentiment following concern over US President Donald Trump's ability to implement economic reforms.
Source : Cogencis Information Services Ltd.
