That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed 12 points lower at 8,712.
'There will only be an institutional solution between the board and the founders to take Infosys forward.'
Sales expansion also down 4.4%
The S&P BSE Sensex ended 190 points up at 23,382.
The local markets are expected to react to global triggers until the government announces the Union Budget.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
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