The Tata Consultancy Services’ share prices increased by 3% at the index on Friday with the increase in the share prices of certain Information Technology (IT) companies, which were predicted to underperform. However, the share prices at the Bombay Stock Exchange were marked by an overall fall by 2.2%.

In comparison to the analysis made by certain market analyst, the company TCS had earned Rs 2,380 crore in April-June that was higher the expectancy limit of Rs 2,240 crore. The profit in the first there months of the year amounted to Rs 10,797 crore, compared with analysts’ expectation of Rs 10,674 crore.

The profits made by the India's biggest software exporter, Tata Consultancy Services Ltd, had increased by 26.7% in the first three months of the year in comparison to the percentage recorded previous year, amounting to Rs 10,797 crore.

The BSE index was going smooth but it showed a decline by 1.9% at 18,582.78 with 22 companies’ shares decreasing at the index. The index was up by 5.5% from past three weeks, had finally attained a drastic fall. The financial experts were expecting the central bank to increase its rate of interest by 26 July, in order to control the constantly increasing inflation at the index.