RSS Feed (xml)

Powered By

Skin Design:
Free Blogger Skins

Powered by Blogger

Friday, April 13, 2012

Latest buzz

Infosys Ltd. (INFY), India’s second largest software-services exporter, was at the lowest most in nine years in New York trading. American depositary receipts of the Bangalore, India-based company tumbled 14 percent to $49.05  in New York, their biggest drop since April 10, 2003. The stock earlier slid as much as 15 percent to $48.52. Infosys’ Mumbai-traded shares lost 13 percent to 2,402.55 rupees, the equivalent of $46.64.
Sales in the year that began April 1 may be between 384.3 billion rupees ($7.5 billion) and 391.4 billion rupees, Infosys said in a statement today. Analysts expected revenue of 396.3 billion rupees for the period, the median of 64 estimates compiled by Bloomberg. The company also reported fourth-quarter sales that were lower than analysts predicted.
Infosys has typically outperformed the industry.
ADRs of Wipro Ltd. (WPRO), India’s third-largest software exporter, was5.5 percent low in New York to $10.18, after earlier sliding as much as 5.9 percent.
The Bank of New York Mellon Corp. India ADR Index slid 6.5 percent to 1,017.36, the largest drop since August to the lowest level since January, based on closing prices.

US market were all down; DOW: -0.49%, S&P 500: -0.75%, NASDAQ: -1.06%
EUROPE                         STOXX 50: -2.58%; FTSE 100: -1.03%; DAX: -2.36%
ASIA was at green side NIKKEI: 1.19%; TOPIX: 0.69%; HANG SENG: 1.84%

No comments: