The main Indian equity benchmarks have opened lower due to Infosys' results and negative global cues. IT stocks declined after industry bellwether Infosys Ltd. came out with disappointing Q1FY12 results and weak guidance for the full year.Apart from the performance of technology bellwethers – TCS and Infosys, the Indian markets will also have to contend with May IIP data today. Nifty is trading at 5253 with a loss of 54 points while Sensex is trading at 17299 shedding 190 points. Sectorally, IT and Teck are the biggest losers with over four percent losses. The market breadth was weak and three stocks were seen declining against every single advance.(Pic source : bseindia.com)
No comments:
Post a Comment