Profit

Bourses hit by tech snag

PUBLISHED ON: July 11, 2008 | Duration: 2 min, 49 sec

  
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The basic Infosys numbers may have met expectations but analysts didn't seem to like the fineprint and what it implied for the future. That sent the IT index crashing by 7 per cent on Friday, as funds pushed the sell button on worries about rising cost pressures and a weakening global environment.
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