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Infosys shares fell nearly 6% due to a muted outlook for the fourth quarter and cautious sentiment regarding Donald Trump's expected policies. The stock closed at 1,817.50, down 5.8%. The Nifty IT Index fell 2.7%. Midcap IT companies are trading at higher valuations than large-cap players. IT stocks may face uncertainty from a global slowdown.
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News and Media
Reliance Jio's Q3FY25 earnings missed expectations due to muted user additions, modest ARPU growth, and higher costs. However, Jio's home broadband business showed strong growth, particularly with its 5G-based FWA services. Enterprise services also saw significant growth in government contracts.
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News and Media
Global equities rose, U.S. Treasury yields turned higher, and the dollar strengthened as positive economic data and strong earnings boosted investor confidence. Manufacturing output and single-family homebuilding increased. Wall Streets major indexes saw substantial gains. The Fed's data and optimistic housing and industrial production reports indicated potential slowed rate cuts. Oil and gold markets showed mixed responses.
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News and Media
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