Fry-day! Infosys, Axis Bank drag Sensex over 400 pts lower, Nifty slides below 23,200

Indian benchmark indices Sensex and Nifty50 opened lower on Friday, dragged by declines in Infosys and Axis Bank stocks after their Q3 results. Shares of Infosys fell over 4% despite an 11% YoY growth in net profit. Axis Bank shares also dropped over 4% following a miss in quarterly profit forecast, citing slower loan growth and higher provisions.