Overview
- Infosys lifted its FY26 constant-currency revenue growth outlook to 3–3.5% after Q3 revenue rose about 8.9% year on year and net profit dipped roughly 2.2%.
- Infosys’ shares gained around 5% in early trade as its ADRs surged about 10% overnight, lifting the Nifty IT index roughly 3% with all constituents higher.
- The Sensex advanced more than 700 points and the Nifty 50 crossed 25,850 in early deals as IT, select banking, and auto stocks firmed.
- Provisional data showed FPIs sold about Rs 4,781 crore on Wednesday while DIIs bought roughly Rs 5,217 crore, underscoring a fragile backdrop for sustained rallies.
- Global cues were supportive with U.S. initial jobless claims near 198,000 and oil prices easing, as investors also tracked progress talk on an India–U.S. trade pact.