10-10-2008, 10:28 AM
10:14 AM - A lower Infosys guidance would not augur well for the company as well for the sector, says Nilesh Shah of Envision Capital, on CNBC-TV18. <b>He sees the IT sector getting de-rated now</b>. BSE IT index is down 12.5% currently.
10:07 AM -<b> Infosys has lowered its revenue growth guidance from 19-21% to 13-15%, reports </b>CNBC-TV18. The management says Q3 revenues are seen at around $1.175 billion. The stock is currently trading at Rs 1,055, down over 15% on the BSE.
10:02 AM - The market has opened with a huge gap down on Friday. Sensex is at 10,529, down 799 points from the previous close. Nifty is at 3243, down 270 points.
10:07 AM -<b> Infosys has lowered its revenue growth guidance from 19-21% to 13-15%, reports </b>CNBC-TV18. The management says Q3 revenues are seen at around $1.175 billion. The stock is currently trading at Rs 1,055, down over 15% on the BSE.
10:02 AM - The market has opened with a huge gap down on Friday. Sensex is at 10,529, down 799 points from the previous close. Nifty is at 3243, down 270 points.