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.

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.

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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.