Infosys Stocks Down – News Stock Future Tips for Trading

Infosys Ltd

Infosys Ltd stocks slipped as much as 1.58 per cent in morning trade on Monday. India’s one of the top IT company, India's second largest service provider announced the exit of V Balakrishnan, member of the Infosys Board. He was the eighth member of senior management who exit in last six month.

At 09:40 a.m.; Infosys was trading 1.4 per cent lower at Rs 3500.20. It has hit a low of Rs 3495.85 and a high of Rs 3538.20 in trade today.

At 9:30 IST, the S&P BSE Sensex was up 120.40 points or 0.57% to 21,200.12. The index jumped 126.48 points at the day's high of 21,206.20 in early trade. The index rose 0.82 points at the day's low of 21,080.54 in opening trade. 

The CNX Nifty was up 31.60 points or 0.5% to 6,305.85. The index hit a high of 6,306.25 in intraday trade. The index hit a low of 6,266.95 in intraday trade. 

The market breadth, indicating the overall health of the market, was strong. On BSE, 656 shares gained and 162 shares fell. A total of 36 shares were unchanged. 

Among the 30-share Sensex pack, 17 stocks gained and rest of them declined. Hindalco Industries (up 1.55%), Bhel (up 1.18%) and RIL (up 1.23%) gained. 

Asian stocks rose on Monday after data showed faster-than-estimated economic growth in the US and the International Monetary Fund said it's raising its outlook for the world's largest economy. Key benchmark indices in China, Hong Kong, Taiwan, Singapore and South Korea rose 0.32% to 0.72%. In Indonesia, Jakarta Composite was off 0.7%.

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