Sensex drops around 100 points, Infosys drops 3% revenue after December

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At 7:30 am, Nifty futures were trading up 19 points on the Singapore Stock Exchange.

National stock markets opened on a moderate note this morning, after hitting lifetime highs in the previous trading session. At 9:20 a.m., the Sensex was at 49,432.65, down 58 points or 0.12% and the Nifty was at 14,544.80, down 25 points or 0.16%.

Asian stocks made early trading gains on Thursday after a mixed session on Wall Street, bolstered by expectations of a U.S. stimulus package even as political events in Washington resulted in the impeachment of President Donald Trump.

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Australian S & P / ASX 200 futures were up 0.21% to start trading, while Hong Kong Hang Seng index futures were up 0.23%.

Overnight, the Wall Street S&P 500 benchmark closed slightly higher on Wednesday, with defensive sectors leading gains as investors awaited details of the next U.S. fiscal stimulus package and Congress began hearings on impeachment of President Donald Trump.

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The Dow Jones Industrial Average fell 8.22 points, or 0.03%, to 31,060.47, the S&P 500 gained 8.65 points, or 0.23%, to 3,809.84 and the Nasdaq Composite added 56.52 points, or 0.43%, at 13,128.95.

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On the profit front, Infosys announced a 16.6% increase in profit for the quarter from October to December and raised its forecast for annual revenue growth, after market hours on Wednesday. The consolidated net profit of the Bengaluru-based company climbed to Rs 5,197 crore from Rs 4,457 crore a year earlier, beating the estimates of the Street.

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