Sensex falls; TCS slumps on other income-driven profit

Reuters Market Eye - The BSE Sensex falls 0.25 percent, while the Nifty is down 0.14 percent.

Shares in Tata Consultancy Services Ltd fall 4 percent after the company's December quarter profit when adjusted for other income, as well as operating margins were seen lagging expectations, analysts said.

TCS said late on Thursday quarterly consolidated net profit surged 49.6 percent to 53.14 billion rupees.

TCS' results also weigh on other IT stocks. HCL Technologies Ltd falls 0.4 percent, while Wipro Ltd is down 1 percent ahead of its results later in the day.

(Reporting by Abhishek Vishnoi)