In Friday's trading session, the National Stock Exchange (NSE) experienced considerable activity with securities such as Infosys (NS:INFY), HDFC Bank, ITI Ltd, and MMTC being heavily traded. This high trading volume led to a decrease in both the NSE Nifty index and BSE Sensex. On the other hand, Tata Consumer Products Ltd., HCL Technologies Ltd., and IndusInd Bank Ltd. saw gains, while Adani Enterprises Ltd., Infosys Ltd., and Axis Bank Ltd. faced losses.
Despite experiencing losses in Friday's trading session, Infosys Ltd reported a 3.2% on-year growth in net profit for the second quarter of 2023. This growth occurred despite a reduction in its workforce and a downward revision of its annual revenue growth guidance.
Meanwhile, Samsung Electronics (KS:005930) is nearing a significant milestone in India. The company's annual revenue is poised to hit ₹1 lakh crore (₹100 crore = $12 million), marking an important development for the South Korean tech giant's operations in the country.
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