MARKET EYE-Indian shares flat; Tech companies gain, M&M falls

Fri Feb 8, 2013 1:58pm IST

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* The BSE index gains 0.14 percent, while the 50-share
NSE index falls 0.02 percent.
* Cement companies fall after October-December earnings fail to
impress market participants. ACC Ltd falls 2.12 percent
and Ambuja Cement Ltd is down 4.8 percent.   
 
* Mahindra and Mahindra Ltd shares fall 1.2 percent
ahead of December quarter earnings.
* However, Infosys Ltd rises 0.4 percent and Tata
Consultancy Services Ltd is up 2.9 percent after
Cognizant earnings.
* The results confirm that revenues of Indian software services
exporters continue to outperform Cognizant's, making the
U.S.-listed IT company still not too much of a competitive
threat. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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