10-08-2008, 06:11 AM
<b>Sensex below 11K, tumbles over 800 points</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The Sensex is now down 857 poins at 10,839 on the back of relentless selling in the market.
The NSE Nifty has shed 243 points at 3,364.
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This is global.
Expect lot of BPO will go under. Call centers will close.
Expect atleast 30% reduction in IT sector, including closing offshore operation, back office and layoff.
Expect IT layoff and reduction in salary.
The NSE Nifty has shed 243 points at 3,364.
<!--QuoteEnd--><!--QuoteEEnd-->
This is global.
Expect lot of BPO will go under. Call centers will close.
Expect atleast 30% reduction in IT sector, including closing offshore operation, back office and layoff.
Expect IT layoff and reduction in salary.