TCS, Infosys lose shine on BSE ahead of Q3 numbers

MUMBAI: Shares of IT majors Infosys Technologies and TCS took a hit today amid a choppy broader market, as edgy investors abandoned the heavyweight counters to book profit ahead of their third quarter numbers.

TCS went down by 2.58 per cent to close at Rs 1,099.40 on the Bombay Stock Exchange (BSE), registering its third straight session fall. During the day, the scrip had lost 3.65 per cent to hit an intra-day low of Rs 1,087.30.

Infosys, who was the major puller in the down slide of the key index Sensex, fell by 1.98 per cent to settle at Rs 3,329.25. During the trade, the stock had shed 3.13 per cent to touch an intra-day low of Rs 3,290.25.

Both Infosys and TCS are announcing their third quarter numbers on January 13 and 17, respectively.

"With the rupee appreciating against dollar, the market is not expecting any blockbuster performance from the IT companies," SMC Capitals Strategist and Head of Research Jagannadham Thunuguntla said.

Besides, Tech Mahindra and Patni Computer Systems too were on the losers side by falling 1.51 per cent and 3.91 per cent, respectively on the bourse, dragging down the BSE IT index by 1.60 per cent to close at 2,500.61.

Meanwhile, the BSE sensitive index Sensex finished the day on a flattish note at 19,196.34, down 27.78 points or 0.14 per cent.