Key Points
It was a bad start to the week for investors on Dalal Street after a decent few weeks, as both benchmark indices plunged sharply in early trade...
30 am, the Sensex was trading 795.48 points lower at 59,635.52..
All 10 constituents of the IT index were trading in negative territory after the two biggest IT services companies in India, TCS and Infosys, reported weaker Q4 results...
While reporting their Q4 results, TCS and Infosys remained uncertain about the future outlook, citing slower demand in key overseas markets like the US..
In addition to the slide in IT stocks, domestic markets have also been hit by weak global cues in the wake of the rising possibility of an interest rate hike by the US Federal Reserve...
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