India inching forward on tax reform; TCS, Wipro, Infosys and HCL focus on fixed price contracts coinciding with spike in unbilled revenues; HSBC, Barclays on cost-cutting spree; Banks Q1 seen mixed and private sector to outperform; NSE Nifty support seen at 5630 are few of the top business news in India at the moment. The days for businessmen, investors, corporates in India start with updation about the Business News India. Strategic or even small decisions taken all depend on business news.
When the market falls prey to sellers, a downtrend of the BSE sensex and NSE nifty is immediately witnessed. And the choppiness continues until seeing stops and buying takes the place. It is more of selling rather than buying that the Indian market has been witnessing for the past several months. As of 18th July statistics, while NSE nifty closed at 5,567, down 14 points, sensex closed at 18,507 with a loss of 55 points.
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