Nifty is back into the green gaining few points. It is currently at 4086.90.
CNX IT is in red. Top 5 IT gainers include CMC, Rolta, Tata Elxsi, Mastek and HTMT. Infosys, TCS and GTL are currently trading in red.
Add commentJanuary 16th, 2007
NSE Nifty is at 4075.85 (-0.11%)
L&T, Dr. Reddy, SBI, NTPC, Reliance Communications and Oriental Bank of Commerce are favoured while HDFC Bank, ONGC, Bharti Airtel and ITC are seeing selling pressure.
Add commentJanuary 16th, 2007
Bangalore-headquartered Wipro has announced and exciting Q3 results. Wirpo Limited PAT grew to Rs. 765 crores and Global IT Services & Products PAT was Rs. 696 crores. The India, Middle East and Asia Pasific business grew by 56%.
Attrition rates in both the IT and BPO businesses were brought down – a key factor for most IT companies these days. Wipro has 66,176 employees as on December 31, 2006 and net addition in IT Services & Products business was at 3489 employees and 1508 employees in the BPO Services business.
Wipro Infotech revenues are at Rs.7,008 million (Dec 31, 2006) and Wipro Consumer Care and Lighting revenues are at 2114 million.
Add commentJanuary 16th, 2007
Reliance Mutual Fund has recently informed its investors that it will be sending the statement of accounts to unit holders under the SIP/STP/SWP on a quarterly basis. The account statements will be sent within 10 days of the end of the respective quarter during the months of March, June, September and December every year.
This would be a real cost saver as a part of the money is spent on the statement prints and the delivery of the same to the client. In face a SEBI circular (No: IMD/CIR/12/80083/2006 dated November 20, 2006) already allows the MFs to do this. Hopefully other fund houses too will follow suite.
Add commentJanuary 16th, 2007
NSE Nifty is currently at 4095.55 marching cautiously up ahead into the positive territory. All indices are currently in green.
Early loosers of the day include HDFC Bank is in red while LNT, Maruti, Satyam, Tata Motors, Tata Steel, Wipro, ACC, BHEL are in green.
NASDAQ ended weak by 0.20% yesterday while Dow Jones, S&P 500 and NIKKEI 225 are in green.
Add commentJanuary 16th, 2007
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