Credit Suisse, while downgrading ratings on Infosys to neutral from outperform, cut the target price by 30% to ₹1,240. The brokerage said the company’s large exposure to the US compared to peers could put further pressure on its earnings.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500