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BSE Sensex flat, Cognizant fuels Infosys, TCS shares, M&M, Nifty fall

Feb 08 2013, 15:35 IST
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SummaryThe BSE Sensex shares flat at 0.14 percent, while the 50-share NSE Nifty falls 0.02 percent.

The BSE Sensex shares flat at 0.14 percent, while the 50-share NSE Nifty 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 (M&M) shares fall 1.2 percent ahead of December quarter earnings.

* However, Infosys Ltd rises 0.4 percent and Tata Consultancy Services (TCS) 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.

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