Markets had a bad start on negative global sentiment and weaker-than-expected TCS and HCL quarterly numbers.
TCS and HCL Tech fell 7% each post their quarterly numbers. Metal, telecom, technology and financial stocks were on sellers’ radar. Heavyweight Reliance Industries too down more than 1% after falling 4% yesterday.Tata Consultancy Services reported a lower-than-expected 15% year-on-year rise in second quarter net profit at Rs 2,439 crore.
HCL Tech reported a fall of 2.5% QoQ in consolidated net profit of Rs 497 crore for the quarter ended September 2011.
MindTree jumped 4% post good numbers in Q2. ING Vysya Bank rose 2.5% post September quarter results.
Petronet LNG was up 1% ahead of results today.