#it-stocks
Infosys cuts its own forecast again, and the market takes 4% off the stock
Infosys cut its FY27 constant-currency revenue growth guidance to 1-2% from 1.5-3% after a soft September quarter in which net profit rose 6.2% to Rs 7,823 crore. The stock fell as much as 4% on Monday and is down more than 30% this year, even as large-deal wins hit $5.2 billion.
Sensex slips 377 points, Nifty below 22,750 as IT stocks offer the only cover
Markets gave up a gap-up opening on Wednesday. The Nifty 50 fell 164.40 points (0.72%) to 22,724.55 and the Sensex shed 377.37 points (0.51%) to 73,475.53. Of 4,471 BSE stocks traded, 3,397 declined. IT stocks were the lone bright spot, while auto was the worst-hit sector.