Markets seem to have been disappointed by the results of the IT giant TCS which had reported its earnings for the December quarter. The stock has been hit hard and is trading in the red with 4.2% cuts at 2250.
TCS had reported an operating margin of 29.4 % for the Q3.
Stocks of Coal India, has seen a cut of over 9%, as the stock has gone ex-dividend today. The stock had rallied much after the news flow that the company is paying a hefty dividend for its investors.
Wipro is also down in the trade today. The stock is down by 2% at 559.85.
Axis Bank has continued to slide down with 1% cut at 1163.