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Is it a good time to buy Infosys? Royal Bank of Scotland’s (RBS’) last week’s decision of not pursuing its plan to separate and list a new bank – Williams & Glyn   (W&G) – hit   Infosys   in trade on Tuesday with the stock plummeting 3% in intra-day deals to its eight-month low of Rs 1,028 levels on the National Stock Exchange (NSE). Click here to track Infy's stock price movement Since then, it has recovered and is trading at Rs 1,046 levels, down nearly 1.5% around noon deals. By comparison, the Nifty 50 index was trading lower by 0.7% at 8610 levels, while the Nifty IT index slipped 1.3% to 11,029 levels. Also Read:   I am disappointed, says Infosys CEO Vishal Sikka in a letter to employees Given the RBS’ decision, Infosys would see a ramp down of around 3,000 resources. The likely impact on revenue could be around $50 million, reports suggest. This comes at a time when Infosys recast its annual revenue guidance for FY17 while announcing its ...

After tumbling 800 points on Thursday and wiping off Rs 3-lakh crore of investor wealth, the markets resumed their journey south on Friday after a firm start. From their peak levels, the S&P BSE Sensex and the Nifty 50 index have lost nearly 24% till date. Given the magnitude of fall in the Indian benchmarks on the back of a host of global and domestic factors, analysts suggest that the pain is not likely to go in a hurry. They expect the indices to dip further in case the global macros do not stabilise. Also Read:  FII holding falls to three-year low in December quarter A K Prabhakar, head of research, IDBI Capital, says: "In case the correction across global markets picks up pace, we can expect the Nifty to hit 6,357 levels, which is the high level of 2008. The fall in the markets does seem to be a repeat of 2008. Also Read:  5 reasons why Sensex slipped over 800 points "A lot of global indices have breached their two-year low leve...