INFY.NSE

Infosys Ltd

Infosys Limited has announced that it expects a cumulative tax refund of ₹1,745 crore, including interest, following the receipt of assessment orders from the Income-tax Department, Government of India. The…

The raging war in the oil-rich Middle East has rattled stock markets across the globe, with Dalal Street being no exception. After crashing more than 11% in March, Elara Securities said that historical patterns suggest limited downside for the benchmark index Nifty.The domestic brokerage cited data from the timeframes of seven major geopolitical conflicts in the past 25 years - Iraq war (2003), the Lebanon war (2006), the Libyan Civil War (2011), Russia–Ukraine (2022), Israel–Hamas war (2023), Iran–Israel conflict (2025), and the ongoing US–Iran escalation. It said that Nifty’s drawdown during the onset of conflicts has usually been capped at approximately 10%. Hence, historical patterns suggest limited downside for the benchmark index now, after the 11% crash in March.“Importantly, once early signs of normalisation emerge, markets tend to recover swiftly,” Elara said. However, it noted that the key exception to this historical pattern was in calendar years 2011-2014 when Brent sustained above $100 per barrel, leading to a prolonged sideways market without meaningful highs.

Unlike cricket, India’s IT services industry is groaning under a weakening bench strength. The bench strength for IT services, long seen as a safety net in industry, has shrunk by a quarter and is unlikely to be filled up even if growth picks up. Across Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra, the bench has reduced by roughly 75,000 people over the past two years, falling from around three lakhs to about 2.25 lakh, industry experts told ET.

Stock market crash: HDFC Bank, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, SBI and Larsen & Toubro (L&T) together form the Magnificent 7 stocks in India, and have lost ₹328,702 crore in just two sessions.