Indian Service Firms Unhurt - InformationWeek

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Indian Service Firms Unhurt

Last week's bombings in Mumbai, India, appear to have had no lingering effects on the country's major IT services firms. Following the Aug. 25 twin bombings that India officials believe were the work of Muslim militants, stock prices of Infosys Technologies, Satyam Computer Services, and Wipro Technologies fell several percentage points, and India's BSE Sensex stock index lost 3% that day, closing down 120.49 points at 4,004.63. By the end of India's Aug. 28 business day, the three IT vendors' stock prices had bounced back, and the BSE Sensex closed at 4,212.17, higher than it was the business day before the bombings.

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