Sensex ends more than 1 percent lower; IT slumps

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Reuters
Last Updated : Feb 09 2016 | 4:07 PM IST

REUTERS - The BSE Sensex fell more than 1 percent on Tuesday as software services exporters were hit hard after Cognizant Technology Solutions issued disappointing revenue guidance, while sentiment also remained weak after a global market sell-off.

The broader Nifty fell 1.21 percent, while the benchmark Sensex lost 1.1 percent, posting a second consecutive daily fall.

Infosys Technologies ended 3.75 percent lower while Tata Consultancy fell 3.45 percent after Cognizant said it expects the slowest revenue growth in 14 years for 2016.

A sell-off on Monday that sent European shares to their lowest in more than two years and U.S. indexes down more than 1 percent also hit sentiment.

(Reporting By Manoj Rawal; Editing by Biju Dwarakanath)

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First Published: Feb 09 2016 | 3:59 PM IST

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