|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
Shares in Infosys fell 1.08% on concerns the Indian software services exporter may cut guidance when it reports quarterly results this month because of a recent appreciation in the rupee and potential wage hikes.
Nomura says it expects Infosys to retain its fiscal 2013 dollar revenue growth guidance of 5 percent but cut earnings-per-share guidance by around 2 percent to 163 rupees on rupee terms because of the currency impact.
Nomura also warns any announcement on wage hikes would be key.
"We believe there is a high likelihood of a wage hike in 3Q as growth comes in line with guidance," the investment bank says in a noted dated on Wednesday.