The benchmarks– the Nifty 50 and the Sensex, ended the session in the red for the sixth straight session, albeit off the day’s lows. However, it was the broader market that took a beating in today’s session, with the smallcap and midcap indices shedding around 3 percent and 2 percent, respectively.
IT Stocks
IEX tumbles on market coupling buzz
Market coupling is a model where buy bids and sell bids from all power exchanges in the country will be aggregated and matched to discover a uniform MCP.
IT Stocks Rise As Rupee Hits Record Low Against Dollar
Gold Silver Reports (GSR) – IT Stocks Rise As Rupee Hits Record Low Against Dollar – Shares of the information technology companies were trading higher after Indian rupee weakened below 69 per dollar for the first time.
Indian IT Companies Are Ageing, Says Aswath Damodaran
Gold Silver Reports (GSR) – Indian IT Companies Are Ageing, Says Aswath Damodaran – India’s information technology companies need to adapt in order to grow, as they reach a level of maturity in the market, said Aswath Damodaran, professor of finance at the NYU Stern School of Business