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HindustanTimes Fri,29 Aug 2014

BSE Sensex edges higher; shares in IT companies fall

Reuters  Mumbai, March 19, 2014
First Published: 11:23 IST(19/3/2014) | Last Updated: 16:32 IST(19/3/2014)

The BSE Sensex ended flat on Wednesday, off the record highs hit a day earlier, as IT outsourcing companies fell on concerns about their revenue outlooks, while investors also booked profits in recent outperformers such as ONGC.

The benchmark BSE Sensex provisionally closed 0.01% higher at 21,834.69, while the broader Nifty ended 0.11% up at 6,524.05.

Shares of Tata Consultancy Services provisionally closed 3.97% down. They fell as much as 5.1%, sparking falls across India's IT outsourcing sector after analysts cited the company as saying revenue growth could be weakening from the previous quarter.


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