Friday, 3 February 2017

ICICI Bank and Infosys pull Sensex down

The Sensex opened flat on February 3, 2017. Meanwhile, Sensex at the time of filing this report is trading at 28169.12, down by 54.14 points. ICICI Bank and Infosys put together are dragging the Sensex down by 50.23 points.    
 
Recently, ICICI Bank declared its Q3FY17 results, which were disappointing. The consolidated net profit of the bank has declined by 16%.  

Infosys' stock is trading down as H1-B visas issue has plagued the sector as a whole.ICICI Bank in the last one year has surged by 37.86%. Infosys during the same period however has fallen by 19.94%. 

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