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Zara Shah
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  • Stock Tips 13-July-2012 0 comments
    Jul 13, 2012 2:56 AM

    Stock Market Closing : 12-July-2012
    Nifty Updates On : 12-July-2012

    Nifty Technical Levels :13-July- 2012
    Stocks to buy : 13-July- 2012

    BSE SENSEX and NIFTY tanked on the session ahead of poor quarterly earnings by INFOSYS. Index heavy weight Infosys fell almost 8 percent to 2260 as company's net profit down quarter-on-quarter to Rs. 2289 crore against the analysts expectations of 2448 crore, took the SENSEX to hit a low of 309 points intraday. Weak global cues and rumors unlikely of rate cut by Reserve Bank of India added the fuel to the fire. Another IT giant TCS is to also announce 1st quarter earnings results post market hours. As TCS outperformed over the last few quarter analysts are expecting to repeat the same and hope to grow the net profit after tax up to 11 percent quarter-on-quarter to Rs. 3250 crore while revenue is seen up by 12 percent to Rs. 14,806 crore.

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