"The worry is being aggravated by the pressure on rupee as crude is looking up in the international market," says industry body Assocham
Sagar Rastogi, Associate VP, Ambit Capital is positive on the Indian IT services space sector on back of demand environment and Europe's openness for offshore businesses.
Anand Deshpande, CMD & CEO, Persistent Systems expects steady growth in intellectual property (IP) business going forward, which in turn will help improve margins.
Latha Venkatesh of CNBC-TV18 gives an analysis and reasons why banks saw a sell off.
Speaking to CNBC-TV18, Heidelberg confirmed that it is in talks with potential sellers to buy cement units in central India.
Year-to-date the Indian equity market has outperformed EMs by 2 percent in dollar terms and by 6 percent in local currency terms.
On Thursday Brent oil posted it second-largest one-day fall on record in dollar terms. Europe's benchmark crude fell by as much as USD 12 a barrel during the normal trading session, and US crude dropped USD 10, leading one of the sharpest commodities sell-offs in years.