15-07-2016 09:34 via news.yahoo.com

Sensex, Nifty fall; Infosys slumps after earnings

Indian shares fell on Friday, underperforming Asian peers, as blue chip Infosys Ltd fell as much as 10.6 percent after the software services exporter posted disappointing results and slashed revenue forecasts. Bigger rival Tata Consultancy Services also fell, even as it reported a more upbeat quarterly profit than Infosys, as investors were concerned about its outlook, given the potential impact from the British vote to exit the European Union. "We are expecting a slowdown in IT companies, cause
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