Indian markets ended Friday lower, with the Nifty 50 slipping 0.39% to 26,043.
Overall Market Move
Both the Nifty 50 and the Sensex fell, closing the holiday‑shortened week with only modest gains of around 0.3%.
- Nifty 50: –0.39% (26,043)
- S&P BSE Sensex: –0.44% (85,035)
- Nifty Midcap 100: –0.31%
- Nifty Smallcap 100: +0.11%
IT Stocks Lead Decline
The Nifty IT index dropped 1% after Infosys announced higher entry‑level salaries for fresh graduates. Investors fear the move could raise operating costs for tech firms.
- Infosys salary hike announced
- Potential impact: higher cost base for IT companies
- Result: Nifty IT down 1%
Other Sectors
Auto, pharma, and PSU banks also finished in the red, while metals and consumer durables managed modest gains.
- Metals: +0.55%
- Consumer durables: +0.31%
Foreign Investor Sentiment
Foreign investors have been net sellers for three straight sessions, adding pressure to the market.
What It Means for Retail Investors
Higher salary costs for tech firms could tighten profit margins, especially if the trend spreads. Keeping an eye on earnings guidance from major IT players may help you decide whether to stay invested or adjust your exposure.
Remember, this is just an analysis, not a prediction. Do your own research before making any investment decisions.