The domestic equities market ended the week in the red, driven down by concerns about increasing inflation and a strong US currency. On April 13, the benchmark BSE Sensex fell 1108.25 points, to 58338.93. On April 8, 2022, the index was at 59447.18. During the same time frame, the 50-share NSE Nifty index fell 1.7 percent to 17,475.65.
In response to negative global cues, on Monday morning session, the Sensex dropped over 1200 points and the Nifty dropped over 330 points. With a drop of over 6%, Infosys was the worst performer on the Sensex. Domestic Institutional Investors and Foreign Institutional Investors action begin at right from the very morning session.
According to provisional data available on the NSE, foreign institutional investors (FIIs) sold shares worth Rs 2,061.04 crore on April 13 while domestic institutional investors (DIIs) acquired shares worth Rs 1,410.85 crore. Due to public holidays, stock exchanges were closed on April 14 and 15.
Infosys Ltd, India's second-largest IT services company, reported a 12% year-on-year (YoY) increase in its consolidated net profit for the quarter ended March 31, 2022, at Rs 5,686 crore. In the previous fiscal year, the Bengaluru-based firm declared a net profit of Rs 5,076 crore.
From Rs 5,809 crore in Q3FY22, the company posted a 2.1 percent fall in the current quarter Q4FY22. Revenue from operations increased by 22.6 percent to Rs 32,276 crore, up from Rs 26,311 crore the previous fiscal quarter.
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