Saturday, March 12, 2011

JAPAN QUAKE LEAVES MARKET TREMBLING

It could be an edgy weekend for traders and investors as the Japan quake cast a shadow on the market and a tsunami threat engulfed the US west coast.Tsunami warnings for other Asian countries could hold back investors from buying stocks in the continent,Unless the US and other countries in Asia are hit by tsunami, the Japan quake is unlikely to have a lasting effect on Indian stocks.
The BSE Sensex dropped to a low of 18,063 as news of the quake came out. The index, thereafter, recovered marginally to end at 18,174 - down 154 points. CNX Nifty dropped 49 points at 5,445.
Indian equity benchmarks saw a drop of over 0.8% on Friday after an earthquake in Japan.
Eleven out of 13 sectoral indices on the BSE edged lower, while key indices slipped into red after an intraday recovery pushed in the market into the green for a brief period. 
BSE   18174.09   -153.89

NSE     5445.45    -48.95  

Japan is one of India's largest trading partners with bilateral trade standing at over $10 billion.
Here is a list of Indian companies with Japan offices. Most of them are companies belonging to the Information and Technology domain (IT) sector.
- HCL Japan Ltd.
- i-flex Solutions Ltd.
- i GATE Global Solutions Limited
- Infosys Technologies, Ltd.
- Larsen & Toubro Infotech Limited
- Mind Tree Consulting Pvt. Ltd.
- Nucleus Software Japan KK
- Patni Computer Systems Ltd.
- Pentasoft Technologies Limited
- Polaris Software Lab Limited
- Sasken Communication Technologies Limited
- Satyam Computer Services Ltd.
- Tata Consultancy Services
- Tata Elxsi Ltd.
- Wipro Limited
- ZenSar Technologies Ltd.

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