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13/06/2011 00:00 AST
The Indian stock market lost ground during the previous two hours of trade due to selling pressure in the heavyweights and went deeper in the red. Stocks from the oil & gas, healthcare, metal and banking space are leading the pack of losers, while those from the FMCG and power are trading firm.
The BSE-Sensex is trading down by 89 points, while NSE-Nifty is trading 30 points below the dotted line. The BSE Midcap index is flat, while BSE Small cap indices are up 0.2%. The rupee is trading at 44.64 to the US dollar.
Software stocks are trading mixed with Mphasis and Moser Baer (India) Ltd leading the pack of gainers. However, Patni Computers, CMC Ltd and Tech Mahindra are trading weak. As per a leading financial daily, Infosys has said its Australia and New Zealand unit has acquired the software solutions business of New Zealand's Gen-i for an undisclosed sum. Gen-i is the corporate information communication technology (ICT) arm of Telecom New Zealand. The company will take over 110 employees and contractors from Gen-i, which would raise its New Zealand staff strength to up to 150 people. It also plans to add 15-30 new hires immediately.
As per the company, the partnership has significant potential to further grow New Zealand-based technology job. Earlier, the management had stated that the company was on the hunt for acquisitions in Europe and Japan in areas including healthcare and public services. However, stock of the company is trading in the red.
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Equitymaster
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
14/09/2024
Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.
A week's
AFP
05/04/2018
Stock markets recoiled on Wednesday as China retaliated in an escalating trade war with the United States, leaving investors reluctant to take positions in anything but the safest of assets.
The Gulf Today
04/04/2018
Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed on Tuesday.
Gulf News
04/04/2018
Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron's (pictured) bid to attract money from abroad gains pace, a government report said o
Oman Daily Observer
03/04/2018
Explaining Japan's economy to foreign audiences is hard.
One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task - the
The National
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