Sensex ends flat; IT hit by fears of higher U.S. visa costs

Image
Reuters MUMBAI
Last Updated : Apr 17 2013 | 4:00 PM IST

MUMBAI (Reuters) - The BSE Sensex gave up earlier gains to end flat on Wednesday as Reliance Industries fell after posting quarterly revenue that missed analyst estimates and after software services exporters fell on concerns about potentially higher U.S. visa costs.

Reliance Industries Ltd fell 3.88 percent after the company's January-March revenue came in below expectations.

Tata Consultancy Services Ltd fell 1.79 percent after a U.S. draft bill proposed stiff fee increases and stronger visa regulations.

The BSE Sensex fell 0.07 percent, while the 50-share Nifty ended unchanged.

(Reporting by Subhadip Sircar; Editing by Rafael Nam)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2013 | 3:45 PM IST

Next Story