ADVERTISEMENT
IT stocks fall on global economy worries
If you missed our coverage, here are the top 10 stories of the day.
04 Jun 2012, 08:34 AM IST 
Inside an IKEA store in Stockholm, Sweden
Software services exporters fell as worries about the global economy intensified over euro zone woes and ahead of U.S. jobs data later in the month. Infosys shares were down 1.1 per cent, while TCS fell 1.7 per cent lower.
The IT index was down 1.3 per cent versus Nifty's 0.3 per cent fall.
The $100 billion Indian software and back-office services sector industry draws the majority of its revenues from the U.S and Europe.
U.S. employers probably created 150,000 jobs last month, according to a Reuters survey of economists, after generating a paltry 115,000 positions in April - the fewest in six months.
Copyright @ Thomson Reuters 2012
