Tag Archives: Snaps

Sensex Snaps 4-Day Rally, Ends 106 Points Lower On Selloff In IT Stocks

Sensex snapped 4-day winning streak on Friday as blue chip Infosys fell as much 9 per cent after the software services exporter posted disappointing results and slashed revenue forecasts. Bigger rival Tata Consultancy Services also fell, even as it reported a more upbeat quarterly profit than Infosys, as investors were concerned about its outlook, given the potential impact from the ... Read More »

Wall Street Snaps Up Shares in Late-Day Scramble

Wall Street moved higher on Thursday, adding momentum to a recent recovery as the energy and financial sectors emerged into positive territory for the year. The S&P 500’s increase was the most recent in four weeks of mostly steady gains that have left the index down 2.5 percent in 2016 after the worst January since 2009. It was the second ... Read More »