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U.S. stock futures opened modestly higher on Monday after Wall Street closed lower on Friday.
The S&P 500 fell 0.2 percent on Friday, paring its weekly gain to 0.8 percent, while the Nasdaq 100 managed to squeeze out a 0.1 percent gain in five days as policy-sensitive companies such as Microsoft and Apple of tech companies dragged down on benchmarks.
Meanwhile, the US 10-year Treasury yield was 3.52%. Crude oil is trading above the $86 mark, while Bitcoin is above $30,000.
The Singapore-listed SGX Nifty Index was down 0.32% at 17,813 at 6am, an early indicator of the performance of the Nifty 50 in India.
India’s benchmarks, the Sensex and Nifty, rose for a ninth straight day, closing at seven-week highs in their longest winning streak in 2.5 years.
The Indian rupee rose sharply against the greenback amid a weaker greenback in global markets.
Foreign institutional investors were net buyers for the tenth consecutive day, absorbing shares worth Rs 2,219 crore on the day. On the other hand, NSE data showed that domestic institutional investors were net sellers for the third consecutive day, selling shares worth Rs 2,737 crore.
Infosys Q4 FY23 (consolidated, QoQ)
Revenue down 2.28% to Rs 37,441 crore (Bloomberg estimate: Rs 3,877 crore)
EBIT down 4.42% at Rs 7,877 crore (Bloomberg estimate: Rs 8,263 crore)
EBIT margin of 21.03% vs. 21.5% (Bloomberg estimate: 21.6%)
Net profit down 6.86% to Rs 61.34 crore (Bloomberg estimate: Rs 65.82 crore)
The board has recommended a final dividend of Rs 17.50 per share for FY23.
Network18 Media & Investments, TV18 Broadcast, Angel One, Just Dial, Hathway Cable & Datacom.
Enter the short-term ASM frame: Uni Chemical Laboratories.
Jindal Stainless: Promoter Ratan Jindal released the pledge of 14.4 crore shares on March 11.
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