Nikkei Continues Slide, Giving Up Earlier Gains
Infosys Ltd
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We have a stacked day of earnings coming up on Thursday with Nokia, Google, IBM and Microsoft all reporting.
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MUMBAI/ BANGALORE, May 21- IT outsourcing company iGate Corp sacked Chief Executive Phaneesh Murthy after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.
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MUMBAI/ BANGALORE, May 15- A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.
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*First-quarter revenue $2.02 bln vs estimate of $2.01 bln. May 8- Cognizant Technology Solutions Corp forecast current-quarter revenue above market expectations after an 18 percent rise in the first quarter, helped by strong demand from Europe. First-quarter sales from Europe rose 23 percent, outpacing a 16 percent growth in North America.
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India's main share index ended up 1.1 percent and the broader 50- share NSE index was 1.2 percent higher, their highest close in three months as expectations for continued foreign buying, as part of a powerful rally in global equities, lifted blue chips such as ITC Ltd.
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India's main share index up 0.94 percent and the broader 50- share NSE index is 0.99 percent higher, led by gains in blue-chips like Reliance Industries Ltd. India's benchmark 10- year bond yield 1 basis point lower at 7.74 percent ahead of the central bank's open market operation to buy up to 100 billion rupees of bonds.
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India's main share index up 0.53 percent and the broader 50- share NSE index is 0.52 percent higher, led by gains in blue-chips like Reliance Industries Ltd. India's benchmark 10- year bond yield 1 basis point lower at 7.74 percent ahead of the central bank's open market operation to buy up to 100 billion rupees of bonds.
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India's main share index up 0.5 percent and the broader 50- share NSE index is 0.46 percent higher, closing near a three-month high hit on Thursday, led by gains in stocks beaten down earlier, such as Tata Consultancy Services.
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*Copper refiners gain, tracking strength in metal. MUMBAI, May 6- Indian shares rose on Monday to close near a three-month high hit on Thursday, led by gains in stocks beaten down earlier, such as Tata Consultancy Services. MSCI's broadest index of Asia-Pacific shares outside Japan.
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up 1.4 percent after a steep fall of 22 percent in April on the back of poor March quarter results, while Tata Consultancy Services Ltd. *Sterlite Industries Ltd shares gain 2.5 percent, while Hindalco Industries Ltd is up 3 percent. *Among other metal stocks, Tata Steel Ltd is up 3.2 percent while Jindal Steel and Power Ltd gain 2.2 percent.
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India's main share index up 0.13 percent and the broader 50- share NSE index is 0.05 percent higher, tracking regional shares.
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*Shares in Infosys Ltd gain 1.2 percent on short covering in its May futures on Monday due to value buying in the cash market after April's underperformance, dealers say. *Infosys fell 22.6 percent in April compared with a 3.6 percent rise in India's benchmark index.
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*India's main share index gains 0.18 percent, while the broader NSE index. up 1.1 percent after a steep fall of 22 percent in April on the back of poor March quarter results, while Tata Consultancy Services Ltd. *Rate-sensitives like ICICI Bank Ltd falls 1.5 percent while HDFC Bank Ltd.
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India's main share index up 0.20 percent and the broader 50- share NSE index is 0.12 percent higher, tracking regional shares.
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India's main share drops 0.81 percent and the broader 50- share NSE index is 0.92 percent lower, retreating from the 3- month high hit a day before, after the central bank cautioned it has limited room for further monetary easing, overshadowing the 25 basis point cut in key interest rates.
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*BSE index drops 0.81 pct; NSE down 0.92 pct. MUMBAI, May 3- Indian shares fell on Friday, retreating from the 3- month high hit on Thursday, after the central bank cautioned it has limited room for further monetary easing, overshadowing the 25 basis point cut in key interest rate.
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,India's No.3 lender by loan value, falls 1.13 percent, State Bank of India Ltd lower 3.15 percent, while ICICI Bank. *Rate-sensitive auto stocks also see selling with Tata Motors Ltd. down 3.75 percent and Bajaj Auto Ltd.
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India's main share index down 0.37 percent, while the broader 50- share NSE index is 0.42 percent lower, on profit-taking as the central bank cut its benchmark interest rate by 25 basis points but did not spring any positive surprise.
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India's main share index down 0.42 percent at 19,651.51 while the broader 50- share NSE index 0.49 percent lower at 5,970.15, on profit-taking as sentiment cautious ahead of the central bank's annual monetary policy decision at 0530 GMT.
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India's main share index closes up 1.19 percent at 19,735.77 while the broader 50- share NSE index ends 1.17 percent higher at 5,999.35, marking their highest close since early February, as interest rate-sensitive stocks such as HDFC gained on hopes that the central bank will cut interest rates on Friday while TCS rose on value buying.
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*India may sweeten rate cut with lower reserve ratio, dovish talk. *Surge in India VIX keeps many wary ahead of RBI policy. I see heavy FII inflows in equities in the near term, "said R.K. Gupta, managing director at Taurus Mutual Fund, who expects a 50 bps rate cut by RBI on Friday.