Sensex down; IT firms gain after Cognizant results

Reuters Market Eye - The BSE Sensex and the Nifty are down around 0.2 percent. Software services exporters gain after U.S.-based Cognizant Technology Solutions Corp reported on Tuesday a better-than-expected 22 percent rise in revenue.

The CNX-IT index gains 1.2 percent. Infosys rises 1 percent, Wipro gains 1.2 percent, while Tata Consultancy Services rises 1.8 percent.

However, profit-booking is seen in some shares. Jubilant Foodworks is down 4.5 percent after gaining 16.2 percent in the previous session, while IRB Infrastructure Developers is lower 4.1 percent after rising 12.2 percent on Tuesday.

(Reporting by Swati Bhat)