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Popular Articles

Duronto to do away with AC economy class coaches
New Delhi, Oct 25 (PTI) The non-stop Duronto trains will no longer have old coaches with side-middle berth, known as AC economy class.

SBI gets final nod for non-life venture
Public sector lender State Bank of India (SBI) today received final approval for its general insurance venture from the sectoral regulator IRDA.

News of the day

Support seen at 4,900 level
The Nifty closed below 5,000 on Friday due to unwinding of long positions and fresh shorts build-up by foreign institutional investors (FIIs). We had indicated in our December 10 report that the index might not hold the 5,000 level in near future. Technically, the market is trading in a bearish triangle pattern and fresh correction is expected next week with strong support around the 4,900 level. The daily Relative Strength Index has drifted below the mean level of 50, indicating caution. Any failure to rise from the current level could see the index drift lower to test the 4,940 level.
Corporate

Wipro rises 2%

The Wipro scrip rose two per cent amid falling market to Rs 604.15 after the net profit of the company rose 19 per cent to Rs 1,162 crore in the second quarter of the current financial year, as compared to the same quarter a year ago. - Wipro Q2 consolidated net up 19% at Rs 1,161 cr - S&P assigns "BBB" to Wipro on better financial health - FIIs raise holding in frontline IT stocks - Marico rises 3.8% - Wipro bags 10-year contract for Delhi airport - Indian cities still hot for outsourcing The company beat market forecast as it won new outsourcing contracts and the pressure on fees eased.


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