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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India has waived retrospective imposition of a minimum alternative tax (MAT) affecting foreign funds, the Finance Minister said on Tuesday, a move that could resolve a dispute that had shaken investor confidence. Full Article