Infosys shares fall ahead of Q1 results

Infosys stock today ended on a flat note, down as much as 0.5 per cent, ahead of its June quarter earnings tomorrow.

The IT major's scrip settled at Rs 3,292.90, down 0.35 per cent on the BSE. During the day, the stock lost 1.49 per cent to Rs 3,255.

At the NSE, it closed 0.46 per cent lower at Rs 3,295.

"To add current volatile situation, IT major Infosys will announce its number tomorrow before the market starts," said Jayant Manglik, President-retail distribution, Religare Securities.

The earnings season will be kicked off by Infosys which is announcing its quarterly numbers tomorrow.
 

Healthy demand across developed markets is expected to bolster revenues of Indian IT services firms for the April-June quarter, market analysts have said.

The first quarter (April-June) of 2014-15 fiscal is generally strong for the USD 118 billion IT-BPO industry as client budgets start rolling out during the period.