INSUBCONTINENT EXCLUSIVE:
opened flat today amid weak global cues
The Sensex was down marginally at 34,415 while Nifty edged lower to 10,557
TCS shares rose over 3 per cent after posting better-than-expected Q4 results
Asian shares slipped on Friday as a warning on smartphone demand from the world's largest contract chipmaker slugged the tech sector, while
high oil prices stirred inflation fears and undermined sovereign bonds
Taiwan Semiconductor Manufacturing cut its revenue target to the low end of forecasts and blamed softer demand for smartphones.Taiwan's main
index slid 1.4 percent with techs sinking 3.5 percent and TSMC off more than 5 percent
Stocks in South Korea took a 0.3 percent dip, with the tech sector losing 1.6 percent.MSCI's broadest index of Asia-Pacific shares outside
Japan shed 0.8 percent, again led by a 0.7 percent fall in technology.Japan's Nikkei recouped early losses to rise 0.1 percent as gains in
energy and financials outweighed the drop in tech.Wall Street had also been hit by weak results from tobacco company Philip Morris, which
sent its shares down as much as 17.7 percent and dragged on the SP 500
The Dow ended down 0.34 percent, while the SP 500 lost 0.57 percent and the Nasdaq 0.78 percent.Oil prices were creeping up again after
hitting their highest since late 2014 on drawdowns in global supply and as Saudi Arabia looks to fatten its export revenue.On the radar
later in the day will be IMF and World Bank meetings in Washington where free trade and protectionism is certain to be high on the agenda
