HDFC Bank's Potential $4 Billion Buying Binge Supports India Stock Market Gains [BNN Bloomberg (Canada)]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: BNN Bloomberg
Good morning, this is Ashutosh, an equities reporter in Mumbai. Asian stocks are benefiting from US equities, which climbed to a fresh record overnight. With momentum now on its side, the Nifty 50 Index may make a dash toward 25,000 milestone in the days to come. HDFC Bank spurs optimism with potential $4 billion inflows India's top private lender might provide the benchmark gauge with much-needed support as equities trade near all-time highs. HDFC Bank's latest shareholding data shows foreign ownership falling below a crucial level, allowing for a higher weight in MSCI's emerging markets index, my colleague Alex Gabriel Simon notes. This could bring in as much as $4 billion into the company, likely boosting the stock by 10% in the coming days, according to Nuvama Alternative. The lender's ADRs rallied more than 4% in New York overnight. Banking stocks set to pass leadership baton to IT firms It's time for new leaders to emerge in the market, with Nomura favoring large-cap te
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INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 7/1/24 - Form 6-K
- 6/28/24 - Form 6-K
- 6/24/24 - Form 20-F
- INFY's page on the SEC website