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Sensex gains 32 points on Monday as funds turn buyers (Bush Outsourcing)

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hnsez Donating Member (430 posts) Send PM | Profile | Ignore Mon Nov-01-04 08:38 AM
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Sensex gains 32 points on Monday as funds turn buyers (Bush Outsourcing)
Marfatia said the market was largely favouring a re-election of President George W Bush to the White House, which was expected to trigger an upside in software sector.

"A win for Bush would boost software stocks as he favours outsourcing," he said.

"There could be an upside in the sector if he is re-elected as more and more US companies would transfer such contracts to India and save costs."

http://www.hindustantimes.com/news/181_1084939,00020001.htm
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R Hickey Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-01-04 09:22 AM
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1. Its a good thing that the people of India can't vote in this election
Something like that could put Bush over the top.
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