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Benchmark indices managed to close in the positive zone for the eighth straight session on Monday on positive economic data that revived overall investors’ sentiment despite mixed global cues. Shares of India’s second-largest IT services company, Infosys, tumbled nearly three percent after the management forecast FY19 operating margin between 22 percent and 24 percent. Credit Suisse said this was 100 basis points below expectations and slightly lower than its previous year’s 24.3 percent.
Meanwhile, in economic data, March wholesale price inflation (WPI) came in at 2.47 percent on Monday versus 2.48 percent month-on month.
Broader weakness in Asian markets also weighed on sentiment amid tensions between the United States and Russia over Syria.
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