INDIAN BENCHMARKS fell more than 1% on Friday to their lowest close in nearly threeand-a-half months, dragged down by a 6% slump in Infosys after the software services exporter's January-March earnings fell short of expectations.
Further, Shares of Infosys slipped 6% to Rs2000 after reporting a net profit of Rs3,097 crore for the fourth quarter ended March 2015 (Q4FY15). The profit was 3.5% higher as compared to the previous corresponding quarter, but missed Street estimates.
The INDIAN BENCHMARKS Sensex and CNX Nifty ended 1.07-1.11% lower each. The 30share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
GLOBAL MARKET CHASE
ASIAN STOCKS rose on Friday, on track for a weekly gain as a fresh record for the NASDAQ helped nudge it toward seven-year highs, while the dollar marched in place after more lacklustre U.S. economic data.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS climbed higher on Friday, boosted by encouraging corporate earnings and upbeat economic data, while the volatile Athens market also rose on prospects for a deal over Greece's debt crisis.
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