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🚨 Daily News Analysis 🚨
1) Indian indices continue to surge
- Indian indices continued to surge for the ninth-straight session today, with seven of thirteen major indices ending in green. IT sector was worst hit with lingering recession fears.
2) Infosys Q4 Result
- Infosys reported a sequentially weaker quarter in the period ending March 31, 2023 (Q4FY23). The IT giant's Q4 PAT came in at ₹6,128 crore down by nearly 16% QoQ. While revenue also dipped by 2.2% QoQ to ₹37,441 crore.
3) Rupee appreciates 21 paise
- The Indianrupee appreciated 21 paise to close at 81.90 (provisional) against the US dollar on Thursday, tracking the broad weakness of the American currency in the overseas market
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