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Showing posts with label Asian Markets. Show all posts
Showing posts with label Asian Markets. Show all posts
Wednesday, August 11, 2010
SENSEX - IT Index leads today's Stock market fall
Indian Stock indices Nifty and SENSEX closed in deep red today, National Stock Exchange index Nifty closed down by 40.10 points to 5,4520.60.
Indian software companies were most hut stocks of the day as bad news from US reached India, It may be recalled that Indian services companies earn more than 50 per cent of their revenue from the US and Europe. Software services provider, Infosys Technologies, the second-most valuable scrip on the Sensex, lost Rs 21.85 to Rs 2,810.80, while Wipro fell by Rs 9.75 to Rs 418.15 and Tata Consultancy Services by Rs 5.70 to Rs 858.85.
Trading was more of a stock-specific nature, with the result that 24 stocks in the 30-BSE index components fell, while six ended with gains.
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