BSE Sensex, Nifty off record highs as shares in IT firms fall

Written by Reuters | Mumbai | Updated: Mar 19 2014, 17:42pm hrs
BSE SensexBSE Sensex and NSE Nifty are off record highs hit on Tuesday as IT outsourcing companies fall on revenue concerns.
The BSE Sensex is up more than 50 points while the broader NSE Nifty gains over 20 points. Both indexes are off record highs hit on Tuesday as IT outsourcing companies fall on revenue concerns.

Tata Consultancy Services falls 4.2 percent, having earlier dropped as much as 5.1 percent, after analysts cited the company as saying revenue growth could be weakening from the previous quarter. Tata Consultancy Services (TCS) declined to comment.

Investors also book profits on recent outperformers. Oil and Natural Gas Corp Ltd falls 2.2 percent after surging 18 percent since the end of January to Tuesday's close.

Still investors remain encouraged by strong overseas buying, with FIIs buying $165.7 million worth of Indian shares on Tuesday, marking a 21st session of net purchases in the previous 22.

Check:

* Live: BSE Sensex

* Check prices: All Models

* Buying used Car

* Comparison: Maruti Suzuki Celerio vs Alto