Processing .....please wait.. 
The article has been forwarded.... 
TCS Shares Turn Weak Ahead of Quarterly Results
Wednesday, 18 January 2012, 17:13 IST
Mumbai: Shares of software major, Tata Consultancy Services (TCS), closed with a modest loss, as investors adopted a cautious approach ahead of the company's Q-3 results.
The country's largest software exporter was scheduled to announce its quarterly results later in the evening after the market close. The company's shares fell by as much as 1.11 percent intra-day but recouped some of the losses and settled 0.28 percent lower at 
1,104.30 a piece on the BSE. On the NSE, TCS settled with a loss of 0.37 percent at 1,105.25.
Market experts said the fall in the company stock was largely due to profit-booking ahead of the quarterly results. Besides, some recovery in the rupee also contributed to the decline, as a stronger currency makes exports less competitive, experts said.
"Tomorrow's trading session will be influenced by TCS result outcome," Shanu Goel, Research Analyst Bonanza Portfolio, said. Analysts also noted that the recent weakening of the rupee against the U.S. dollar could boost TCS's earnings in Q-3.
Source: PTI
1,104.30 a piece on the BSE. On the NSE, TCS settled with a loss of 0.37 percent at 1,105.25.
Market experts said the fall in the company stock was largely due to profit-booking ahead of the quarterly results. Besides, some recovery in the rupee also contributed to the decline, as a stronger currency makes exports less competitive, experts said.
"Tomorrow's trading session will be influenced by TCS result outcome," Shanu Goel, Research Analyst Bonanza Portfolio, said. Analysts also noted that the recent weakening of the rupee against the U.S. dollar could boost TCS's earnings in Q-3.
Source: PTI