![]() If we see the FIIs outflow of the last few days, they seem to be big sellers in the abovementioned key largecaps. Infosys was up 1.6 percent at Rs 1,587, while TCS rose 2.5 percent to Rs 3,559. At 2 pm, HDFC Bank was trading at Rs 1,350 on BSE, up 0.56 percent and HDFC had gained 1.3 percent to Rs 2,166. With the market in the green, these stocks were trading higher on April 20. Infosys shares plunged 17 percent, while Tech Mahindra, L&T Infotech and Wipro were down 12-13 percent during the period. Technology stocks lost momentum after Infosys' quarterly earnings missed analysts' expectations and there was a fall on a sequential basis in order wins.Īnalysts lowered their EPS estimates for the current financial year due to slower growth and margin pressure. HDFC corrected 20 percent in the last two weeks, HDFC Bank plunged 19 percent and HDFC AMC was down 10 percent during the period. ![]() HDFC group stocks rallied sharply on April 4 after the announcement of the merger between HDFC and HDFC Bank only to head south soon after. The advance-decline ratio was largely in favour of the bears, as 58 midcap stocks declined for 35 advancing and about 57 stocks fell against 33 rising stocks in the largecap space. ![]() ![]() The picture was reversed for midcap and largecaps stocks. Pharma Industry Conclave Unlocking opportunities in Metal and Mining.Life Insurance Made Simple Headwinds and Tailwinds.Interview Series Business In The Week Ahead.
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