Infosys Q3 results rose up 33%

India’s one of the largest software service based company Infosys announced its results on Jan12. As per the announcement the net profit for the third quarter ended Dec 31 rose to 23.72 billion rupees from 17.8 billion rupees which is 2011 Q3. All together the total revenue rose to 30.8% which 92.98 billion rupees.

Many brokerage firms have forecasted the net profit will be around 22 t0 23 billion rupees. It exceeded the expectations.Infosys is india's $76 billion IT services industry is driven by global demand for outsourcing and competing with Accenture and IBM for contracts to maintain new software services projects.

Jan11th 2012 sensex-nifty status

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

Current status of satyam issue

Satyam Computer Services which is presently known as Mahindra Satyam, is exercising care on damages claimed in a suit filed against its previous board of directors, certain workers and audit firm PWC to stay away from paying a higher non-refundable court fee initially. As per the sources, the company has to pay 1% of the total costs claimed in the petition as court fee and in future, it may look for more damages (costs) once they settle all the issues. The total claim will assume meaning once the trial against ex-chairman B. Ramalinga Raju and others in a local court is done with the trials. If the justice goes against the accused, the compensation claim will have more strength, sources explained.

"1% becomes big if the damage runs in to 1000 crores. It is not wise to pay such amount initially as the company is yet to make payments in different issues that the company agreed to settle," sources told Press folks

New Website for Mutual Funds by BSE

BSE Ltd and Morningstar India came up with collaboration , launched a exclusive website to help investors with relevant information and tools on mutual fund investment opportunities in india.BSE STAR MF(Mutual Fund) is the BSE's exchange traded mutual fund transaction platform and allows subscription and redemption in 29 Mutual funds in the industry. Lot of people have invested on Mutual funds and they don't have a centre place to get any info and growth and investment oppourtunities in mutual fund industry.These partner mutual funds on BSE StAR MF together account for around 92% of the industry's Assets Under Management (AUM). In this exchange traded mutual fund field,there is a need for a dedicated website for investors that would not only provide insights of Mutual funds to the common investor but it would also provide analytical tools used internationally, which will be useful for the investers to monitor mutual fund investments and future views etc..

The URL of the website is http://bseindia.morningstar.in

At the launch, BSE MD & CEO, Mr. Madhu Kannan, said, "We have been receiving good response to our Mutual Fund Platform - BSE StAR MF, which has a dominant market share in the exchange traded Mutual Fund space and hence felt the need to help various stakeholders that include our members, distributors and investors by giving them access to international quality research tools to improve the quality of their advisory decisions. We hope that this valuable facility empowered by Morningstar will be used extensively for more informed and smart investing."

Mr. Aditya Agarwal, MD of Morningstar India, said "We are delighted to be associated with BSE in this initiative of providing advisors and investors with high quality research and analytical tools on mutual funds. At Morningstar, we are always looking for ways to provide investors with information to help them make informed decisions, and the launch of this website is a step in this direction. The website would provide rich content to the users and would make available our proprietary data points, including our style box, star ratings and analyst ratings.”