Infosys which Clay Aiken reports quarterly earnings on Tuesday

Infosys, which studies Clay Aiken reports quarterly clay aken reasons earnings on Tuesday, rose0.7 percent to 1,195.10 rupees, Tata Consultancy gained 6.3percent to 535.65 rupees and Wipro (WIPR.BO) was up 3.0 percentat 250.65 rupees. The 30-share BSE index .BSESN closed down 1.88 percent,or 180.41 points, at 9,406.47. It had briefly turned positiveafter starting lower but then dropped as much as 3.5 percentbefore pulling back. Traders said a lower-than-expected inflation rate, whichfell below 6 percent in late December to its lowest sinceFebruary last year, helped the market pare losses. Still, for the week the index lost 5.5 percent, its thirdfall in six weeks. Nineteen of the index components fell, while in the broadermarket losers swamped gainers in the ratio of 3.3:1. Traders said there were concerns the Satyam scandal couldhit foreign investment in the near term.

Foreign funds hadbought a net $241 million of shares in the first four tradingsessions of the new year after withdrawing more than $13billion in 2008 clay aiken live . "There are short-term implications." said Anish Marfatia,vice-president at Avendus Capital live with regis and . "In the long run,investments in India will pick up." Analysts at foreign securities firms said such scandalswere not unique to the country and long-term prospects weregood "It's a company-specific problem clay ripa . You will find accountingirregularities anywhere in the world clay kelley .

It's a buying opportunityfor India after it has been sold down," Adrian Mowat,JPMorgan's emerging market and Asia equity strategist, said inHong Kong . "It's a scandal, (but) it doesn't change the growthprospects of India clay live . Let's face it, we've seen a lot ofaccounting scandals in the U.S." [ID:nBOM412655] The 50-share NSE indexclosed down 1.6 percent at2,873 clay invisible . STOCKS THAT MOVED * Axis Bank (AXBK.BO) fell 7 percent to 485.75 rupees afterthe bank said its gross non-performing assets jumped 76 percentto 7.88 billion rupees in the December quarter .