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Posted by Shyam as Results
So the day is finally nearing and Infosys Technologies, the second largest Indian IT company by sales will come out with its Q4 2009 results and also the financial results for 2008-09. The results of Infosys is being awaited by many as it would decide the trend in the market and set a tone for the IT stocks in the coming days.
In the last trading session, Infosys managed to close at 1409 levels down marginally. Meanwhile the Indian markets managed to kiss 11,000 levels in sensex and 3382 levels in nifty. The rupee at Rs 50 is going to have a positive impact on the results but will be over shadowed by the financial crisis and less deals in the IT sector. Recently Infosys has bagged Telstra project from an Australian operator. So lets wait and watch for Infosys quarterly results on 15 th April 2009.
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