India Stocks: Indian shares open lower on higher oil prices, weak Infosys forecast

Infosys

24/04/2026 04:48

Updates for markets open

April 24 (Reuters) -
Indian shares opened lower on Friday, heading for a third consecutive session of losses, pressured by higher oil prices on Middle East tensions and a drop in IT stocks after Infosys issued a weak revenue forecast.

The Nifty 50 .NSEI fell 0.30% to 24,100.55, and the BSE Sensex .BSESN shed 0.23% to 77,483.80, as of 9:15 a.m. IST.

 Eight of the 16 major sectors declined at the open. The broader small-caps .NIFSCMP100 and mid-caps .NIFMDCP100 rose 0.3% and 0.2%, respectively.

 IT index .NIFTYIT fell 1.6%, dragged down by a 3.3% drop in Infosys INFY.NS.

 The country's No. 2 IT company forecast annual revenue growth below market expectations due to macroeconomic uncertainty and tepid client spending. The outlook overshadowed better-than-expected fourth-quarter results.

Brent crude LCOc1 hovered around $106 after Iran displayed its grip over the Strait of Hormuz with a video of its commandos storming a cargo ship following the collapse of peace negotiations and U.S. President Donald Trump's indefinite extension of the ceasefire.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))