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Sensex ends flat; IT hit by fears of higher U.S. visa costs

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Reuters MUMBAI
Last Updated : Apr 17 2013 | 4:00 PM IST

MUMBAI (Reuters) - The BSE Sensex gave up earlier gains to end flat on Wednesday as Reliance Industries fell after posting quarterly revenue that missed analyst estimates and after software services exporters fell on concerns about potentially higher U.S. visa costs.

Reliance Industries Ltd fell 3.88 percent after the company's January-March revenue came in below expectations.

Tata Consultancy Services Ltd fell 1.79 percent after a U.S. draft bill proposed stiff fee increases and stronger visa regulations.

The BSE Sensex fell 0.07 percent, while the 50-share Nifty ended unchanged.

(Reporting by Subhadip Sircar; Editing by Rafael Nam)

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First Published: Apr 17 2013 | 3:45 PM IST

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