Arab Today, arab today sensex sheds 263 points this week
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

Sensex sheds 263 points this week

Arab Today, arab today

Arab Today, arab today Sensex sheds 263 points this week

Mumbai - Arabstoday

The BSE benchmark Sensex snapped a five-week winning spree by tumbling 263 points to close at 18,675 during the current week on fresh selling following downgrade warning to India from a top global rating agency despite the government unleashing a wave of economic reforms to boost growth and revive investor sentiment. Standard & Poor’s (S&P) on Wednesday said there is a “one in three” change of a downgrade of the country’s sovereign rating to junk status in the next two years. The news came after International Monetary Fund (IMF) slashed the third-largest Asian economy’s growth forecast for 2012 to 4.9 per cent from 6.1 per cent projected earlier, due to low business confidence and “sluggish structural reforms”. The market got a further jolt due to disheartening revenue and earnings guidance in rupee terms for the current fiscal given by IT bellwether Infosys in its quarterly results announced on Friday. Infosys posted 24.3 per cent jump in consolidated net profit at Rs 2,369 crore for Q2. The Bangalore-based software exporter lowered its revenue growth guidance for the current fiscal to 17.3 per cent from earlier target of 19.7 per cent. From gulftoday

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GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
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GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

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US Stocks Close Higher

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Saudi stocks rise in heavy trading

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Tadawul index gains 0.7%
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