Shares The Concern On The Persistent Decline In U.S. Debt

Rolt India (down 1.97%), Infosys (down 1.93%), Wipro (down 1.77%), TCS (down 1.49%), Tech Mahindra (down 1.02% ), Patni Igate (Down 0.69%), Oracle Financial Services Software (down 0.59%), Mahindra and Satyam (down 0.52%), low cut.

HCL Technologies RS shed 489.70 2.62% 2.32% Wednesday, extending losses have continued to take profits on the stock after the company announced strong Q4 results before trading hours on Wednesday, July 27, 2011 .

BSE IT index fell 1.63% to 5,817.24. And ‘weaker Sensex, which fell to 0.74% to 18,295.26.

BSE, underperforming the index had spent the last month until July 27, 2011, sliding 1.72% compared to Sensex’s rise of 0.11%. The rate exceeded the market in the fourth quarter, gaining 5.09% against 5.23% in the Sensex down.

The U.S. is the largest market for Indian companies. Wall Street had its worst day in eight weeks on Wednesday as investors worried that the impasse of the country’s debt ceiling could force a defect or damage in the U.S. Treasury bonds. Democrats and Republicans are struggling to raise 14290000000000 federal debt ceiling, despite frantic warnings from the U.S. Treasury not to act next Tuesday (August 2, 2011) may force the U.S. to default on its debt NRI Demat Account.

Meanwhile, the latest economic data show that new orders for manufactured durable goods in the U.S. unexpectedly fell in June, and slid an indicator of the spending plans of companies. In addition, the report of the Federal Reserve’s Beige Book showed the pace of recovery slowed in most districts studied NRI Share Trading Account.

A clearer picture of the health of the U.S. economy delivered Thursday, July 28th, 2011, with allegations the unemployed and the home-sales data should be published.


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