TCS rises nearly 2% on BSE

Shares of TCS,went up by 1.74 per cent to settle at Rs 1,138.15 on the BSE.

IT major TCS rose nearly 2 per cent on the Bombay Stock Exchange on expectations of robust third quarter earnings,which will be announced later this evening.

Shares of the country’s largest software exporter,TCS,went up by 1.74 per cent to settle at Rs 1,138.15 on the BSE.

During intra-day trade,the stock rose by 2.39 per cent to a high of Rs 1,145.45.

Story continues below this ad

In a similar fashion,the scrip rose 1.70 per cent to close at Rs 1,139.20 on the National Stock Exchange.

TCS’s scrip was the volume-topper on the BSE and NSE today,with over 16 lakh shares of the company traded on the two bourses.

“The market is expecting strong numbers from the sector major. TCS is expected to outperform Infosys in its third quarter earnings,” Religare Securities Executive Vice-President Rajesh Jain said.

Meanwhile,shares of other IT companies also ended the day on a positive note. Infosys Technologies closed 2.06 per cent higher,Wipro 0.67 per cent up and Patni Computer Systems ended with a gain of 0.89 per cent on the BSE.

Story continues below this ad

The BSE 30-share key index Sensex finished the day almost flat at 18,882.25,gaining just 21.81 points.