Reuters Market Eye - Tata Consultancy Services (TCS.NS) falls 2.7 percent ahead of a scheduled meeting between the management and analysts later in the day, amid concerns the software services provider will deliver a downcast view on the sector.
Dealers cite market interest on TCS' outlook, given recent concerns over rival Infosys' (INFY.NS) outlook for fiscal 2013.
Infosys' (INFY.NS) dollar revenue growth outlook of 5 pct for the year ending March 2013 could be under threat, Chief Executive S.D. Shibulal was cited as saying by UBS in an investor meeting.
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Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers. Full Article