On the derivative front, the strikes of 19,800 saw the highest addition of PE open interest and build-up. The trading day closed with an underperforming market breadth as only 24 out of the Nifty 50 stocks closed in the green, said Avdhut Bagkar Technical and Derivatives Analyst, StoxBox.
Infosys’ weak Q4 earnings has a price, brokerages slash targets by 9-13%
Infosys reported a 12% YoY drop in Q4 net profit and missed revenue estimates. The company in its guidance has projected revenue growth of 0%–3%