Annual
outlook: Infosys has given a muted sales outlook for fiscal 2013-14, citing a
challenging global economy. It said dollar revenues are likely to grow between
6 and 10 per cent in fiscal 2013-14, lower than estimates of 9 to 13 per cent.
The poor forecast disappointed investors and sent Infosys shares down 21 per
cent. TCS, which does not give out an annual sales outlook, has said the
company will grow faster than industry body Nasscom's 12-14 per cent projection
for fiscal 2013-14......
Showing posts with label nifty future n option tips. Show all posts
Showing posts with label nifty future n option tips. Show all posts
Saturday, May 4, 2013
Thursday, March 21, 2013
NIFTY OUTLOOK FOR TOMORROW
Volatility ruled the roost as key
benchmark indices reversed direction and slipped into the red in mid-afternoon
trade as European stocks dropped after the European Central Bank warned Cyprus
that it will cut off emergency funding . The CNX Nifty was down 4.95
points or 0.09% to 5,689.45. The index hit a high of 5,757in intraday trade
The index hit a low of 5,662 in intraday
trade.
The index is signaling quite a bit of
weakness going forward while given the international cues it could well be that
our market might show a pullback corrective during the day since it has fallen
far too sharply in the recent past. However, that rally will be more of an exit
rally kind of stuff rather than any onset of a fresh intermediate uptrend
shaping up....
Subscribe to:
Posts (Atom)