Infosys saw a share plunge of 7.7% after the company cut its FY24 revenue guidance from 4-7% to 1-3.5%, resulting in an industry-wide sell-off that saw the NSE IT index fall 4.1%. Jefferies, Nomura, Bank of America Securities, Motilal Oswal Financial Services, Nuvama Institutional Equities and HSBC cut earnings estimates as a result.
Most Asian stocks fell on
Tuesday, while the U.S. dollar and oil steadied, as investors
held safe ranges awaiting more clues on whether central banks
will continue their aggressive interest rate.
Asian stocks rose on
Tuesday afternoon after Australia s central bank held interest
rates steady, which helped ease investor worries about
over-tightening of policies by central banks. .
Global stocks held
steady on Tuesday, as investors balanced the inflationary force
of rising oil prices with hopes that central banks would not
over-tighten monetary policy into a potential.
Stocks Drift as Investors Balance Peak Rate Hopes With Oil Price Rise theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.