TITLE

World Markets Hammered

PUB. DATE
January 2008
SOURCE
Red Herring;1/21/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that technology firms in India have been affected by a broad decline in stock markets worldwide on January 14, 2008. Software firm Tata Consultancy Services Ltd. experiened a 7.6 percent drop as India's benchmark Sensex index fell 1,353 points or 7.4 percent. Other affected firms include Reliance Industries and State Bank of India. T. S. Harihar of Karvy Stock Broking attributes the decline to recession fears in the U.S. and consistent selling by foreign investors.
ACCESSION #
36962028

 

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