Reuters Market Eye - Tata Consultancy Services(TCS.NS) gains 0.4 percent after its management reiterates its positive forecast for fiscal years 2013 and 2014 in a meeting with analysts on Monday.
Barclays says TCS management indicated volume growth slowdown was not alarming and said the company's performance will continue to lead peers.
Jefferies says TCS' current share price offers a "good entry point" and management believes that year is panning out as per expectations.
TCS shares have fallen 8.3 percent so far this month as of Monday's close.
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read