Markets settle on flat note; Sensex declines 34 points

[ad_1] File image. | Photo Credit: The Hindu Equity benchmark indices ended on a flat note on December 5, with the BSE Sensex falling nearly 34 points, recording its second day of decline after an eight-day rally. In a volatile trade, the 30-share BSE benchmark dipped 33.9 points or 0.05% to settle at 62,834.60. During […]

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Goldman cuts Infosys, TCS to ‘sell’ on looming slowdown

[ad_1] Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something […]

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