Wires

MARKET EYE-Indian shares fall; Infosys slumps on revenue f'cast

Share

* The BSE index

falls 0.35 percent while the 50-shareNSE indexis down 0.28 percent on caution ahead ofcorporate earnings.* Shares in Infosys Ltd

, India's No.2 softwareexporter, falls 6.9 percent after the company's revenue growthforecast for the fiscal year that ends in March failed to meetmarket expectations.

* However, the company's revenue growth forecast for the currentfiscal year does not include the revenue from Lodestone HoldingAG, Chief Financial Officer V. Balakrishnan said on Friday.

* HDFC Bank

, which is expected to post a near 30percent rise in net profit in the September quarter later in theday, gains 0.9 percent.* Also on watch, India will unveil August factory data on Fridaywith a Reuters poll showing a modest 1.1 percent growthannually.(0530 GMT)

(abhishek.vishnoi@thomsonreuters.com)