News: Markets cheer Infosys Q1, narrowing trade deficit

C-Suite

Markets cheer Infosys Q1, narrowing trade deficit

According to a Business Standard report markets ended on a positive note with 50-share Nifty surging above the key resistance level of 6,000 this Friday after Infosys, the company with fifth-highest weightage on the Sensex defied analysts’ estimates and posted steady dollar revenue growth for fiscal 2014.

According to a Business Standard report markets ended on a positive note with 50-share Nifty surging above the key resistance level of 6,000 this Friday after Infosys, the company with fifth-highest weightage on the Sensex defied analysts’ estimates and posted steady dollar revenue growth for fiscal 2014.

The report added, Infosys rallied nearly 11% on NSE, after the company has reported better-than-expected consolidated net profit at Rs 2,374 crore for the first quarter ended June 2013 (Q1). Analyst on an average had expected profit of Rs 2,296 crore from the IT major.

Read the full report here 
 

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Topics: C-Suite, #Updates, #Corporate

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