Indian benchmarks tumble as oil prices stay high and Infosys cuts revenue outlook
On Monday the Sensex and Nifty 50 fell about half a percent, pressured by elevated crude oil prices and inflation worries. Infosys shares dropped roughly 2% after the company trimmed its annual revenue growth forecast, while other IT stocks also slipped. Investors remained focused on the upcoming U.S. Federal Reserve policy decision.
Why it matters
The decline in the benchmarks signals heightened market volatility and could curb foreign inflows into Indian equities, especially if oil‑price pressures persist (the market report notes). The cut in Infosys' revenue guidance may weigh on the broader IT sector earnings outlook (the market report notes).
Key facts
- 1The Sensex fell 0.46% to 72,783.15. marketscreener.com
- 2The Nifty 50 fell 0.5% to 22,485.65. marketscreener.com
- 3Infosys lost 2% after cutting its annual revenue growth forecast. marketscreener.com
- 4Brent crude futures traded around $114.5 a barrel. marketscreener.com
- 5Shriram Finance fell 5% after cutting its annual loan‑growth forecast. marketscreener.com
- 6Kotak Mahindra Bank rose 2.3% after a second‑quarter profit beat. marketscreener.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.