Markets snap 3-day winning run on selloff in Infosys, ICICI Bank; Sensex slumps over 400 pts

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....arkets snap 3-day winning run on selloff in Infosys, ICICI Bank; Sensex slumps over 400 pts <br>PTI News<br>Dated:- 17-1-2025<br>PTI<BR>Mumbai, Jan 17 (PTI) Key benchmark indices Sensex and Nifty slipped into negative territory on Friday after a three-day rally, dragged by selling pressure in Infosys, ICICI Bank and Axis Bank. Unabated foreign fund outflows and elevated crude prices in internatio....

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....nal markets also played spoilsport for the bourses. In a largely subdued session, the 30-share benchmark declined 423.49 points or 0.55 per cent to settle at 76,619.33. During the day, it tumbled 779.53 points or 1 per cent to 76,263.29. Similarly, the NSE Nifty dropped 108.60 points or 0.47 per cent to 23,203.20. From the 30-share blue-chip pack, Infosys dropped nearly 6 per cent despite raisi....

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....ng its annual sales forecast for a third time this fiscal year. Infosys Ltd, India's second-largest IT services firm, on Thursday reported an 11.46 per cent rise in the third quarter net profit on pick-up in demand, which also prompted the company to raise its annual sales forecast for a third time this fiscal year. Axis Bank also declined by over 4 per cent post-earnings announcement. Kotak Ma....

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....hindra Bank, Tata Consultancy Services, Mahindra & Mahindra, ICICI Bank, Tech Mahindra, Bajaj Finance, HDFC Bank and Bajaj Finserv were the other big laggards from the pack. In contrast, Reliance Industries climbed 2.50 per cent higher after the firm reported a 7.4 per cent rise in December quarter net profit as retail business rebounded, telecom earnings surged on higher tariffs and mainstay oil....

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.... and petrochemicals business delivered consistent performance. Zomato emerged as the biggest gainer, followed by Reliance, Nestle, Asian Paints and Power Grid. In Asian markets, Seoul and Tokyo settled lower, while Shanghai and Hong Kong ended in positive territory. European markets were quoting with gains. US markets ended lower on Thursday. Foreign Institutional Investors (FIIs) offloaded eq....

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....uities worth Rs 4,341.95 crore on Thursday, according to exchange data. Global oil benchmark Brent crude climbed 0.17 per cent to USD 81.43 a barrel. The 30-share BSE index climbed 318.74 points or 0.42 per cent to revisit the 77,000 level at 77,042.82 on Thursday. On the similar lines, the Nifty rallied 98.60 points or 0.42 per cent to 23,311.80. PTI SUM SUM BAL BAL<BR> News - Press release - P....

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