Indian Markets End Three-Day Winning Streak Amid Weak Infosys Results

MT Newswires Live

Jan 17, 2025

Indian equity markets snapped a three-session rally on Friday as investors turned cautious following weak fiscal third-quarter earnings from Infosys (NSE:INFY, BOM:500209).

Concerns over economic uncertainty in the US, particularly ahead of Donald Trump's second presidential term, and rising US bond yields further dampened sentiment.

The BSE Sensex fell 423.49 points, or 0.6%, to close at 76,619.33, while the NSE Nifty 50 dropped 108.60 points, or 0.5%, to 23,203.20.

Infosys led the laggards with a 5% drop, followed by Axis Bank (NSE:AXISBANK, BOM:532215) and Shriram Finance (NSE:SHRIRAMFIN, BOM:511218).

Conversely, Bharat Petroleum (NSE:BPCL, BOM:500547) advanced 2.7%, followed by Reliance Industries (NSE:RELIANCE, BOM:500325) and Coal India (NSE:COALINDIA, BOM:533278).

In corporate news, jewelry company Sky Gold (NSE:SKYGOLD, BOM:541967) secured board approval to rename the company to Sky Gold and Diamonds, as disclosed in a Friday filing.

Meanwhile, Maruti Suzuki India (NSE:MARUTI, BOM:532500) unveiled its first electric SUV, the e VITARA, on Friday. The automaker plans to provide smart home chargers with installation support in the top 100 cities during the initial rollout phase.

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The automaker plans to provide smart home chargers with installation support in the top 100 cities during the initial rollout phase.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1323998911.USD","symbol_name":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2504130640","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504130640","pubTimestamp":1737110319,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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