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Thursday, October 13, 2016

Equity Tips

Sensex, Nifty weak; TCS up 1%, Infosys slips 3% on low guidance

The market is quite volatile reacting to Infosys September results. The Sensex is down 24.84 points at 27618.27, and the Nifty down 8.45 points at 8564.90.

Infosys is down 3 percent on lower guidance while TCS is up 1 percent. HUL, Lupin, Bharti and HDFC are losers in the Sensex.

GAIL, ONGC, Reliance, L&T and Adani Ports are top gainers in the Sensex.

IT solutions provider Infosys' profit in July-September quarter increased 5 percent to Rs 3,606 crore from Rs 3,436 crore in preceding quarter. Rupee revenue rose 3.14 percent to Rs 17,310 crore from Rs 16,782 crore on sequential basis.

The market has opened in green on Friday after massive cuts yesterday. The Sensex is up 56.65 points or 0.2 percent at 27699.76 and the Nifty is up 20.65 points or 0.2 percent at 8594.00. About 353 shares have advanced, 102 shares declined, and 23 shares are unchanged.

The Indian rupee has bounced back, opening at 66.84 a dollar, higher by 9 paise compared with 66.93 a dollar in previous session.

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