BSE Sensex edges higher; shares in IT companies fall
The BSE Sensex falls 0.14%, while the broader Nifty is down 0.05%, retreating from record highs hit on Tuesday.business Updated: Mar 19, 2014 16:32 IST
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.