Indian shares dropped 0.9 percent on Tuesday as euro zone debt worries battered major markets in Asia, with software services bellwether Infosys leading the losses after its quarterly earnings narrowly missed expectations.
Infosys Ltd, India's No. 2 software services exporter, reported a 15.4 percent rise in fiscal first-quarter profit as a surge in wages offset strong demand from western clients.
"The outlook is bearish. We could see some weakness for at least a couple of days, until we see some good results," said Arun Kejriwal, director at research firm KRIS.
Infosys Ltd, India's No. 2 software services exporter, reported a 15.4 percent rise in fiscal first-quarter profit as a surge in wages offset strong demand from western clients.
"The outlook is bearish. We could see some weakness for at least a couple of days, until we see some good results," said Arun Kejriwal, director at research firm KRIS.
Read More: http://economictimes.indiatimes.com/markets/stocks/market-news/sensex-slips-09-per-cent-infosys-drops/articleshow/9195252.cms
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