The BSE-IT index led the fall in the stock market today, shedding 1.35 per cent, with heavyweight Infosys plunging nearly 2 per cent a day after it posted lower-than expected first quarter numbers.
The IT index on Bombay Stock Exchange settled at 5,325.02, down 1.35 per cent from the previous close.
Meanwhile the 30-share benchmark Sensex [...]

HCL Technologies reported a better-than-expected net profit growth during the March ’10 quarter on account of strong business volumes and lower foreign exchange losses. But the slack in its BPO division marred operating profit and overall profitability. The scenario is not likely to change soon since the BPO segment is expected to take at least [...]

Indian equity benchmarks ended a choppy session on a flat note Wednesday due to lack of support from the European market.
Indices opened higher and turned rangebound near resistance levels. Meanwhile, traders continued to buy stocks from broader markets. Action was also seen in companies that have reported quarterly earnings.
“Short-term bias is negative for the Nifty. [...]

Equities were witnessing a choppy session with positive bias post the Reserve Bank of India policy meet. Traders took cue from the positive global markets while action was seen in companies that have reported quarterly earnings.
National Stock Exchange’s Nifty was at 5247.85, up 17.75 points or 0.34 per cent. The index touched a high [...]

Equities are trading on a soft note as sentiments remained negative on a subdued US services sector data. Realty, banking and oil&gas stocks were under pressure whereas healthcare and technology stocks edged higher.
“The market may stay volatile before finding any direction, or will wait for some directional trigger news/event. As we are suggesting, in this [...]

Equities were off lows as buying emerged in oil & gas and auto majors in the last hour of trade of October series settlement day. index hit a low of 4738.40 and high of 4826.10.
Biggest Nifty gainers were BPCL (3.07%), Ranbaxy Laboratories (2.42%), Hindustan Unilever (1.95%), HCL Technologies (1.64%) and ONGC (1.16%).
Tata Motors [...]

The IT index has shed 2% to 4,182 led by fall in the index heavyweights.
Among the major IT stocks, TCS and Infosys have shed around 3% each to Rs 526 and Rs 2,131, respectively. HCL Technologies and Wipro have dropped over 2% each to Rs 299 and Rs 552, respectively.
Financial Technologies is down 1% at [...]