Mid-day Mood | Market cracks under pressure, most sectors trade in the red
The RBI's surprise spike in inflation forecasts continued to drag sentiment and also offset the lower-than-expected US CPI print for July.
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The RBI's surprise spike in inflation forecasts continued to drag sentiment and also offset the lower-than-expected US CPI print for July.
Revenue from operations slipped 2.3 percent to Rs 333.2 crore in the first quarter of FY24 compared to Rs 341.3 crore in the year-ago period.
According to sources, the buyout fund Carlyle Asia Partners will invest $500 million to acquire 28% stake in Quest Global Services at $1.8 bn valuation. Carlyle will buy out the existing investors Bain Capital, Advent Capital and GIC.
Carlyle is upbeat about the Indian economy. It hopes to capitalise on the innovation strengths of Quest, given that the demand for innovation will cut across all sectors.
Nifty inched higher to levels just below 19600, while Sensex added 232 points and closed at 65,953. Sectorally, healthcare and IT indices led the gains