Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
HDFC and HUL are the latest entrants in the club
managers said the weaker rupee, which has driven up shares of technology companies, has helped the fund fetch better returns.
Banking and telecom will see the highest impact of this transition.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
A 150 basis points fall in realisations too weighed on the top-line.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Good investors learn how to think beyond the obvious and to make deeper, less obvious judgments.
Only double-income households can buy flats in India's top 8 cities, except Mumbai
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
Shares in Infosys Ltd rose as much 6.7 percent on Friday, after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.
The rise in India Inc's market value was led by asset-light firms.
With the advent of new banks, IT firms will get boostto their businesses.
Monsoon is expected to be normal in June.
Sensex closed over 118 points down on Thursday.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
It is not that platforms and products are something that Infosys has not tried earlier.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
IT services firm Tech Mahindra on Thursday posted a 57.6 per cent growth in consolidated net profit at Rs 718.4 crore (Rs 7.18 billion) for the second quarter ended September 30, aided by growth across verticals especially retail, travel and logistics and uptick in demand from Europe.
Most Asian markets ended with gains.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed 12 points lower at 8,712.
'There will only be an institutional solution between the board and the founders to take Infosys forward.'
Sales expansion also down 4.4%
The S&P BSE Sensex ended 190 points up at 23,382.
The local markets are expected to react to global triggers until the government announces the Union Budget.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
Before participating, consider company's long-term prospects, premium offered and acceptance ratio.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
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