Infosys Share Price ๐๐: A Rollercoaster Ride in the Indian Stock Market
In the past few days, the Indian stock market has witnessed significant fluctuations. While the market has been scaling new heights, the resurgence of the coronavirus has cast a shadow over the country. During such times, investors are feeling anxious. However, there have been some notable recoveries in the share prices of companies like Reliance Industries.
Yesterday, during the trading session, the Nifty 50 Index was trading 125 points above its previous low. The Bank Nifty also saw a surge of 250 points. The mid-cap index witnessed substantial buying, with FMCG shares leading the charge. The Nifty FMCG Index is currently trading with a 1.5% increase. Nestle’s shares, in particular, have seen a 4% rise.
Amidst the market rally, investors had shown great interest in Infosys shares. However, with increased selling pressure, many investors are now selling their Infosys shares and exiting the market. On Wednesday, 20th December 2023, Infosys shares were trading at INR 1,562.60, showing a 0.28% increase. On Thursday, 21st December 2023, the shares rose by 0.11% to INR 1,538.
Over the past six months, Infosys shares have provided investors with a 20% return. However, in the last year, the share price of Infosys has only seen a marginal increase of 2-3%.
Other stocks that have been performing well include Jubilant Food, Colgate, and Marico. In yesterday’s trading session, IT and auto company shares also witnessed significant profit booking.
Many stock exchange investors had also bought Cipla shares. However, due to the selling pressure in the market, investors are now selling their Cipla shares. Several market experts recommend investing in Cipla shares as they believe there could be a 5-6% increase in the share price in the coming days. As of Wednesday, 20th December 2023, Cipla shares were trading at INR 1,243.10, showing a 0.49% increase.
It’s a rollercoaster ride in the Indian stock market, with Infosys, Cipla, and other companies witnessing price fluctuations. Stay tuned for more updates and keep an eye on these stocks! ๐ข๐๐
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
