Mumbai: Indian software services exporters fall as worries about the global economy intensify over euro zone woes and ahead of US jobs data later in the month.
Infosys shares down 1.1%, while TCS falls 1.7% lower. The IT index down 1.3% versus Nifty’s 0.3% fall.
The $100 billion Indian software and back-office services sector industry draws the majority of its revenues from the US and Europe.
US employers probably created 1,50,000 jobs last month, according to a Reuters survey of economists, after generating a paltry 115,000 positions in April - the fewest in six months.