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A maturing market amid the mayhem

TCS gains 3.9 percent


Shares in India’s top IT services firm by sales gained nearly 4 percent in a broader market that ended 0.96 percent up at 16,853.

The stock which carries over 2 percent weightage in the main index, closed at 610 rupees with volumes of 0.58 million.

The BSE IT Index ended 2.2 percent higher, led by gains in TCS, Infosys and Oracle Finance.

TCS chief executive S. Ramadorai said in an interview on Tuesday the company was seeing signs of recovery in demand for outsourcing, especially from the banking, financial services and insurance sectors, which tcstogether account for 43 percent of its business.