Shares of India's top software services exporter Tata Consultancy Services jumped 4% in pre-open trade on Friday, as investors cheered its assessment that there are early signs of a demand revival. TCS CEO K Krithivasan told reporters in a post-earnings press conference on Thursday that the company was seeing more confidence in discretionary programmes in the coming years.

India’s largest IT services firm reported consolidated net profits that were in line with estimates, but its revenues missed the forecast of brokerages

Indian bluechip indexes opened higher on Friday, bolstered by IT stocks after sector-leader TCS flagged early signs of demand revival, but the rest of the market remained under pressure on

TCS CEO K Krithivasan told reporters in a post-earnings press conference on Thursday that the company was seeing more confidence in discretionary programmes as clients were taking less time to sign deals.