Reuters logo
MARKET EYE-Indian shares flat; Tech companies gain, M&M falls
February 8, 2013 / 8:32 AM / 5 years ago

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

* 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below