Nifty breaks 8700; TCS falls 1% ahead of Q4 earnings

The Sensex fell 131.97 points to 28667.72 and the Nifty dropped below 8700, down 51.40 points to 8698.80.



TCS is down over 1 percent ahead of its Q4FY15 results expected to be announced in the evening. For TCS, analysts will be keenly eyeing whether the company will be able to even meet the now-muted expectations on revenue growth and how much of a hit margins take due to forex movements and seasonality impact.



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Posted in: Indian Market Tips