Sterlite JPAssociates Wipro SBI Satyam ICICI down

Sensex trimmed losses in afternoon trade, helped by local institutional buying and short covering after 8 pct slump

Top sensex losers - jaiprakash associates down 9.41 pct, wipro down 7.05 pct, sbi down 6.61 pct, satyam down 6.07 pct, sterlite down 6.07 pct, icici down 5.62 pct

50-share nse index provisionally closes 2.03 pct down at 3533 as world markets tanked with panicky investors across the globe selling
BSE sensex provisionally ends down 2.5 pct after day of volatile trade which saw index slipping 8 pct on worries on global economic slowdown

BSE banking index down 4 pct; top lenders sbi, icici down more than 6 pct; smaller rival hdfc bank recovers from morning slide of nearly 10 pct to trade just 0.68 pct down

BSE block deal: bharti airtel 145800 shares at 732.00 inr
Edelweiss: when firms struggle to survive, outsourcing is less likely to be immediate theme
Outsourcing demand from large u.s. and european banks and financial firms to indian tech firms likely to be dented
Edelweiss securities retains "market underperformer" rating for info tech sector
Markets to focus on companies' comments on pricing, environment and hiring plans, three key demand indicators
India's top it outsourcers likely to report quarterly profit rose by up to a third
BSE it index down 6.91 pct as export-driven industry's outlook will be dented by global economic crisis
Real estate major dlf drives into positive territory, recovers from steep morning losses
German finmin g7 letter urges improved coopertation between national financial regulators
Index heavyweight reliance industries recovers from steep morning losses, stock still trading 2.8 pct down
BSE info tech index down 6.5 pct as infosys, tcs, satyam, wipro continue to trade 5-10 pct down
Tata consultancy says hope to see some revenues from citi deal by q4
Sensex claws back from morning slide, recovers more than 500 points to trade at 11272
India gold prices moved above 14,000 rupees per 10 grams on strong overseas mkts and a weaker rupee
Reliance money may get approval to buy additional 16 pct in the national multi commodity exchange in 3 months
Sensex trading down more than 600 points, 5.23 pct down, as concerns loom of a global recession
Sensex back above 11000 in choppy trade as panic gripped investors after overseas markets tanked
Compact disc to consider proposal from Imedia ventures to invest $10 mln in expansion project, says board to meet on oct 17 to consider the proposals
Compact disc says to consider selling 15 pct stake to Imedia ventures
HK's hang seng index unofficially closes down 7.64 pct, biggest drop in nine months
Ranbaxy, up 4 pct, is the only sensex stock in positive territory; 29 of 30 index components in red
Sensex trading below 11000, down 6.16 pct after dropping more than 700 points
Trade minister kamal nath says april-aug fdi inflows at $14.6 bln
Trade min kamal nath says no plans to ease rules on overseas investment in retail as of now
Panel deputy chief ahluwalia says IT sector exports to slow down this year

Comments

Arun said…
Goldman yesterday said it cut its investment ratings on Satyam, Tata Consultancy and Wipro as its analysts turned ``cautious'' on the Indian technology-services industry from ``neutral.'' The report cited lower earnings expectations because of the turmoil in the financial markets.