INDIAN
trimmed some of their early gains on profit taking at higher levels after
stocks surged to five week highs on Wednesday after sharp decline in December
WPI raised hopes that the RBI would continue to maintain status quo on key
policy rates.
Shares of HCL Tech trading
higher by 2% at Rs 1,366 after it posted a Q2 consolidated net profit of Rs
1,496 crore, up 5.7% q-o-q and 58.4% y-o-y. Consolidated revenue came it at Rs
8,184 crore, up 2.8% q-o-q and 30.4% y-o-y.
FUTHER, TCS was marginally up ahead of its third quarter earnings scheduled to be announced later today. Shares of Bharti Airtel, Idea Cellular and Reliance Communication are succumbing to selling pressure as the telecom operators applied for spectrum auction slated for February 3.
Trend
in FII flows: The
FIIs were net buyers of Rs. 713cr in the cash segment on Wednesday while
the domestic institutional investors (DIIs) were net sellers of Rs. 690cr,
as per the provisional figures released by the NSE.
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