Markets are still in the negetive zone as selling pressure grew. Signals from the Asian markets are also not that promising, the Nikkei index and the Hang Seng are flat.

Satyam Computer Services is presently trading at Rs 135.50 marginally up by 0.55 points or 0.41% from its previous closing of Rs 134.95 on the BSE.

Satyam Computer Services board has deferred its meeting to consider buy back to January 10, 2009. The meeting was previously scheduled for December 29, 2008.

World Bank rejected the IT Company, Satyam Computers’ request for an apology on the statement issued by the bank commanding an eight year ban on any business with the IT major.

Satyam Computer Services is presently trading at Rs 140 up by 5.05 points or 3.74% from its previous closing of Rs 134.95 on the BSE.

Satyam Computer Services has profited by 5% to Rs141.65.

Satyam Computer Services on Thursday asked the World Bank to withdraw the statement about the Indian outsourcer which the company considered were inappropriate

Satyam Computer’s shares have bounced back sharply after previous day’s 30% cut.

Markets are still under stress in the afternoon trades as selling continue. The realty, oil & gas, IT and capital goods stocks were among the major slackers.