Indian Markets experienced a blood bath in today’s trading session. The nifty ended down below the psychological mark of 5000 as the markets ended down 2.50% today due to selling by Foreign Institutional Investors & negative European cues. Across the board selling pressure is observed today. IT index lost more than 3% today after Nasdaq-listed IT services company Cognizant Technology revised its 2012 guidance downwards, anticipating slower acceleration in demand.
Tuesday, May 8, 2012
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