 "Nifty IT index down nearly 3% on Infosys weak guidance")
Shares of information technology (IT) companies were under pressure with the Nifty IT index down nearly 3% after Infosys said that the revenue is expected to grow 6.5%-8.5% in constant currency terms and 6.1%-8.1% in dollar terms for the year ending March 31, 2018 (FY18).
For the recently concluded financial year 2016-17 (FY17), Infosys had reported revenues growth of 8.3% in constant currency terms and 7.4% in dollar terms on year on year basis.
At 3:00 pm; Nifty IT index, the largest loser among sectoral indices, was down 2.7% as compared to 0.54% decline in the Nifty 50
For the recently concluded financial year 2016-17 (FY17), Infosys had reported revenues growth of 8.3% in constant currency terms and 7.4% in dollar terms on year on year basis.
At 3:00 pm; Nifty IT index, the largest loser among sectoral indices, was down 2.7% as compared to 0.54% decline in the Nifty 50
