For the past three days market was trading in the positive trend. Yesterday it raised more than 2% and today Indian market ended in a flat position. During closing Nifty up by 11.40 points (0.24%) at 4,860.95 and the Sensex ended up 10.77 points or 0.07 per cent at 16,175.86. This is one of the fluctuating trading session in which the market was going up and down many times and ended up in a flat level. As of now there is no good or bad news which can significantly affect Indian stock market.
This volatile trading session may be good for the people those who are doing day trading and they can make good profit as the stocks were going up and coming down frequently in a day again which is highly risky.
The Top gainers in the market are as follows
Sesa Goa, Sterlite, Axis Bank, Hindalco, BPCL
The following are the top losers today
Jindal Steel, PowerGrid, Grasim, TCS, Cipla
Jan11th 2012 sensex-nifty status
Posted by Unknown at 9:34 PM 1 comments
Labels: Axis bank, BPCL, Cipla, Grasim, Hindalco, indian market today status, jan11th2012, Jindal Steel, Powergrid, Sesa Goa, Sterlite, tcs, todays market
TCS IN TROUBLE-US CLIENTS POSTPONED IT ORDERS TO NEXT QUARTER
some of the major US clients are postponing IT projects to the next quarter. This was revealed by the management of Tata Consultancy Services (TCS) today.The company’s Chief Operating Officer N Chandrasekaran said this was expected. "Clients are delaying their projects this quarter. It is not cancelled but it is not happening this quarter as was expected," he maintained. The statement is a clear hint from India's largest IT company that the sector will have to live with sluggish growth, at least for the near term.
TCS earns about 30 per cent of its topline from top 10 clients as of last quarter. And the impact of delayed projects will pull down any incremental growth in that percentage going forward. The company has launched a strategic business unit to tap small and medium enterprises between Rs 100-500 crore in size at home. It is also targeting over Rs 2,000 crore in revenue from domestic market alone before it replicates the model elsewhere.
Posted by Unknown at 12:23 AM 0 comments
Labels: Tata Consultancy services stock view, tcs, TCS growth, US clients postponed projects to next quarter