Markets Turn Back To Green

The Indian benchmark indices started the fortnight lower owing to a substantial decline in the information technology sector, primarily due to Infosys Ltd. The shares of Infosys slumped over 10 per cent in a single session due to heavy selling pressure after the company’s bottom-line and top-line fell short of expectations despite reporting considerable growth. In contrast, the shares of Wipro Ltd. soared more than 6 per cent over the past two weeks as the board of directors approved the largest-ever share buyback in size. With their reliable uptrends, Tata Consultancy Services and HCL Technologies also attempted to make up for losses.