Infosys Technologies

Infy near term down target =890....

Posted by : sambala

Global fin crisis to slow worldwide 2009 IT spending

Worldwide spending on information technology, especially in the United States will slow "significantly" in 2009 due to the global financial crisis, a leading IT market intelligence firm has forecast.

Worldwide IT spending will grow 2.6% year over year in 2009, down from the pre-crisis forecast of 5.9% growth, according to a newly revised forecast from IDC.

In the United States, IT spending growth is expected to be 0.9% in 2009, much lower than the 4.2% growth forecast in August.

"Although all the economic forecasts went from up slightly to down drastically in a matter of days, the good news is that IT is in a better position than ever to resist the downward pull of a slowing economy," said John Gantz, chief research officer at the IDC.

"Technology is already deeply embedded in many mission-critical operations and remains critical to achieving further efficiency and productivity gains. As a result, IDC expects worldwide IT spending will continue to grow in 2009, albeit at a slower pace."

On a regional basis, spending growth in Japan, Western Europe, and the US will hover around one per cent in 2009.

In contrast, the emerging economies of Central and Eastern Europe, the Middle East and Africa, and Latin America will continue to experience healthy growth, but at levels notably lower than the double-digit gains previously forecast.

On a sector basis, software and services will enjoy solid growth while hardware spending, with the exception of storage, is expected to decline in 2009, the IDC said in a press release

INFOSYS will be in DOWNTREND CHANNEL

Posted by : maneeshaggarwal

After a high of 1447 on 11-03-2008 and low of 1202 on 7-11-2008 and a lower high of 1355 on 10-11-2008 and newer lower below 1200 will confirm that a new downtrend channel of lower highs and lower lows will take this stocks to new lows well below 1040 (all time low) wait for 1 or two days to get confirmation of this channel. Because on Wednesday I have seen a Bearish engulfing candlesticks. I will avoid trading or investing till It comes above 1550.

Infosys has target of Rs 1800: Mathew

Posted by : Guest

think twice before investing on MATHEW`S advice.Advises generally favour him in making m.... infy dodoubt good stock but will have to see how new president takes outsourcing.

Infy near term down target =890....

Posted by : sambala

US-listed Indian stocks lose $3bn in one week

NEW YORK: Indian shares listed in the United States witnessed erosion of nearly $3 billion in their market valuations for the first week of this month, as fears of an economic turmoil deepening further battered the stock markets.

The 16 Indian entities trading on the American bourses lost $2.76 billion in market capitalisation for the week ended November 7, with IT bellwether Infosys Technologies witnessing a decline of $1.5 billion.

However, leading private sector lender ICICI Bank and software exporter Wipro added to their respective market values. While ICICI Bank`s market capitalisation jumped by $473.2 million, that of software exporter Wipro rose by $160.7 million.

Apart from Infosys, other major losers include copper producer Sterlite Industries, auto maker Tata Motors and telecom player Tata Communication.

Meanwhile, for the whole of October, the Indian firms saw an erosion of more than $15 billion in their market value. The major losers for that month include ICICI Bank and HDFC Bank, Wipro and Infosys.

For the week ended November 7, Sterlite`s market capitalisation dropped by $913.5 million while Tata Motors and Tata Communication slipped by $550 million and $470.7 million, respectively.

Other losers were software exporter Satyam Computer Services, Internet firm Rediff. com and outsourcing companies - Genpact and ExlService Holdings.

On the other hand, HDFC Bank`s market capitalisation jumped $56.6 million, while outsourcing entity WNS saw its market value increase by $53 million.

Further, telecom company Mahanagar Telephone Nigam Limited, pharma major Dr Reddy`s Laboratories and IT firm Patni Computer Systems too witnessed gain in their market value.

Microsoft all time Low

Posted by : Bhatt

The king of the IT Microsoft is all time low how come infy stay so high it should go near 300 soon..

Infy near term down target =890....

Posted by : marketman

Avoid buying the stocks at higher prices and thus protect yourselves from huge losses.... a simple prinicple in stock market....

Infy near term down target =890....

Posted by : marketman

Many american companies in troubles.... why cant the company which gives services to them be in troubles.... meaning less to hold this stock at present price....

Infy near term down target =890....

Posted by : sambala

US-listed Indian stocks lose $3bn in one week

NEW YORK: Indian shares listed in the United States witnessed erosion of nearly $3 billion in their market valuations for the first week of this month, as fears of an economic turmoil deepening further battered the stock markets.

The 16 Indian entities trading on the American bourses lost $2.76 billion in market capitalisation for the week ended November 7, with IT bellwether Infosys Technologies witnessing a decline of $1.5 billion.

However, leading private sector lender ICICI Bank and software exporter Wipro added to their respective market values. While ICICI Bank`s market capitalisation jumped by $473.2 million, that of software exporter Wipro rose by $160.7 million.

Apart from Infosys, other major losers include copper producer Sterlite Industries, auto maker Tata Motors and telecom player Tata Communication.

Meanwhile, for the whole of October, the Indian firms saw an erosion of more than $15 billion in their market value. The major losers for that month include ICICI Bank and HDFC Bank, Wipro and Infosys.

For the week ended November 7, Sterlite`s market capitalisation dropped by $913.5 million while Tata Motors and Tata Communication slipped by $550 million and $470.7 million, respectively.

Other losers were software exporter Satyam Computer Services, Internet firm Rediff. com and outsourcing companies - Genpact and ExlService Holdings.

On the other hand, HDFC Bank`s market capitalisation jumped $56.6 million, while outsourcing entity WNS saw its market value increase by $53 million.

Further, telecom company Mahanagar Telephone Nigam Limited, pharma major Dr Reddy`s Laboratories and IT firm Patni Computer Systems too witnessed gain in their market value.