TCS - Results

It was a good trading session towards the end of the day yesterday in the Indian share markets when the rumors of RIL and RNRL came in. The Indian markets closed in green with sensex gaining 299 points or 3.3% to close at 9370 levels and nifty closed at 2835 levels up by 90 points. But later the news came that the rumors of RIL-RNRL settlement was not true.

In the evening , the US stock markets started their day in deep red and ended with Dow losing 2.94% and Nasdaq closing down by 3.67%. Some concerns on the banks was the main cause behind this. Today morning the Asian share markets have opene weak in reaction to this and Nikkei-225 is trading down by 4%,Hang Seng is also down by about 4.38% currently. So we expect a gap down opening in the Indian markets as well. The reliance pack will mostly be down today and will drag the markets too.

In another important even of the day, TCS, India’s largest software exporter will announce its Q3 2009 results in an hour from now. You can check out the expected results of TCS Q3 2009 here. You can also watch Infosys Q3 2009 results here. TCS Q3 results can hardly pull back the markets today given then weak global cues today. The Govt has also decided not to bail out Satyam on the advise of the newly formed board directors.So lets see how the day pan out today. Look atbooking profits today at every small rally.