Sensex down; IT firms gain after Cognizant results

Sensex down; IT firms gain after Cognizant results
Highlights

Sensex Down; IT Firms Gain After Cognizant Results, BSE Nifty Sensex Report, Software Services. The BSE Sensex and the Nifty are down around 0.2 percent. Software services exporters gain after U.S.-based Cognizant Technology Solutions Corp (CTSH.O) reported on Tuesday a better-than-expected 22 percent rise in revenue.

The BSE Sensex and the Nifty are down around 0.2 percent. Software services exporters gain after U.S.-based Cognizant Technology Solutions Corp (CTSH.O) reported on Tuesday a better-than-expected 22 percent rise in revenue.

The CNX-IT index gains 1.2 percent. Infosys (INFY.NS) rises 1 percent, Wipro (WIPR.NS) gains 1.2 percent, while Tata Consultancy Services (TCS.NS) rises 1.8 percent.

However, profit-booking is seen in some shares. Jubilant Foodworks (JUBI.NS) is down 4.5 percent after gaining 16.2 percent in the previous session, while IRB Infrastructure Developers (IRBI.NS) is lower 4.1 percent after rising 12.2 percent on Tuesday.

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