Sensex recovers; Infosys falls on forecast cut | Reuters

Indian shares closed marginally higher on Friday, led by software firm Tata Consultancy Services after upbeat quarterly profit, but a revenue forecast cut by smaller rival Infosys weighed on the technology index.The benchmark BSE Sensex closed 0.11 percent higher at 27,673.60. The broader Nifty ended up 0.12 percent at 8,583.40. Both indexes lost more than 1.3 percent for the week

Reuters October 14, 2016 21:52:18 IST
Sensex recovers; Infosys falls on forecast cut
| Reuters

Sensex recovers Infosys falls on forecast cut
 Reuters

Indian shares closed marginally higher on Friday, led by software firm Tata Consultancy Services after upbeat quarterly profit, but a revenue forecast cut by smaller rival Infosys weighed on the technology index.The benchmark BSE Sensex closed 0.11 percent higher at 27,673.60. The broader Nifty ended up 0.12 percent at 8,583.40. Both indexes lost more than 1.3 percent for the week.

Tata Consultancy Services ended up 1.79 percent while Infosys declined 2.53 percent.

(Reporting by Aastha Agnihotri in Bengaluru; Editing by Amrutha Gayathri)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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