INFY VS TCS RESULTS

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......

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....