Today Indian Stock Market News; Sensex, Nifty Open Flat With Positive Bias; Infosys Gains

While retaining its neutral call on the stock with a target price at Rs 2,408, Macquarie says investors could press for increase in payout ratio and expects FY18 EPS to rise over 1 percent but that may partly offset by lower other income. According to Macquarie, clarity on client budgets is a key catalyst for the stock. It expects CY17 to be dominated by return of capital to shareholders and visa reform in US. Its pecking order in large cap IT players is HCL Technologies, Infosys, TCS, Tech Mahindra and Wipro.

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