Downgrade Warning
S&P affirms negative outlook on India, says chances of downgrade remain
Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
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MARKET EYE-HCL Tech jumps to over 12-1/2 yr high on H2 hopes
* Shares in India's HCL Technologies gain 1.8 percent, after earlier hitting a session high at 629.85 rupees, their highest since March 2000. * Gains come despite a 1.7 percent fall in the broader NSE IT sub-index on hopes the software services exporter is well placed to win deals in the infrastructure sector, as has been typical in recent years, traders say. * HCL Technology last month posted a 78 percent jump in July-September net profit from a year earlier. (abhishek.vishnoi@thomsonreuters.com/abhishek.vishnoi.thomsonre ters@reuters.net)
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