India Infoline News Service / 09:34 , Aug 09, 2010
Wipro is down 1.15% at Rs428 while TCS is down Rs0.9% at Rs858 and Infosys has shed 0.8% at Rs2840. Others like HCL Tech and Patni Computer are also down marginally.
Shares of leading Indian IT companies are under some pressure after the US Senate passed a Border Security Bill that will raise the visa fees of Indian companies operating in the US by US$2,000 or more. http://www.indiainfoline.com/Markets/News/IT-shares-down-as-US-hikes-visa-fees/4901920870
"Uncertainty of growth around the world is becoming more apparent every day and we have had a tremendous run following results. I do not think the rally is sustainable." Mining shares were in demand, supported by firmer metal prices, boosted by a slide in the U.S. dollar on expectations of further Federal Reserve action after Friday's weak U.S. jobs report. Antofagasta, BHP Billiton, Rio Tinto and Xstrata rose 2 to 2.4 percent.
http://economictimes.indiatimes.com/markets/global-markets/European-shares-rebound-as-miners-gain/articleshow/6280651.cms
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