The Mumbai stock exchange closed down 0.09 percent Monday with trading cautious ahead of quarterly earnings for major software firm Infosys Technologies, dealers said. The 30-share Sensex index fell 7.7 points or 0.09 percent to 8,483.86.
Turnover was lower than average at 24.25 billion rupees (542 million dollars) as 572 stocks declined and 1,894 advanced.
Dealers said the market was cautious ahead of Tuesday's scheduled earnings report for the second quarter ended September 30 by Infosys, India's second largest software exporter.
Infosys is normally the first of India's major software companies to report quarterly earnings.
"The cautious trading mood continues and Infosys earnings will be an indicator for the basket of IT stocks. We expect most of the sectors to perform well," said Hemen Kapadia, analyst with Morpheus Inc, an investment advisory firm.
Infosys shares rose 53 rupees or 2 percent to 2,622.45. Profit-booking was seen in automobile and oil stocks, dealers said.
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