9:40 am Market update: NSE rates are updating now. The
Nifty is at 8350.50, up 26 points. The Sensex is up 101.89 points at
27962.27. Sun Pharma, Tata Power, BHEL, SBI and ITC are top gainers in the
Sensex. Among the losers are Coal India, Tata Steel, Sesa Sterlite, Hero
MotoCorp and Hindalco.
9:30 am Buzzing: Shares of Hexaware jumped 8 percent,
touching 52-week high at Rs 213 per share intraday . Investors are hurriedly
buying shares of the software firm as its third quarter earnings were strong.
Hexaware has posted a net profit of Rs 86 crore in the quarter ended September,
up 12.3 percent sequentially. In dollar terms, its revenue grew 7.9 percent
quarter-on-quarter (up 11.4 percent on yearly basis) to USD 110 million.
The company has said Europe has led the geographic growth while BFSI and
Emerging segments led growth among verticals. In rupee terms, the software
service firm’s Q3 revenue jumped 9.9 percent Q-o-Q (up 8 percent Y-o-Y) to Rs
671 crore.
According to a CNBC-TV18 poll, Q3 net profit was expected at Rs 83 crore on
a revenue of Rs 645 crore. Hexaware added 10 new clients added in Q3 2014.
OMCs in good spot, see crude at USD 70/bbl: HDFC Sec
The market has opened on a higher note. The Sensex is up 80.29 points at
27940.67. NSE rates not are updating. About 609 shares have advanced, 144 shares
declined, and 37 shares are unchanged.
Tata Power, TCS, Sun Pharma, Sesa Sterlite, ICICI Bank are top gainers in
the Sensex. Among the losers are Tata Motors, NTPC, Infosys, HUL and Maruti are
among the losers.
The Indian rupee opened marginally lower at 61.35 per dollar on Wednesday
against 61.40 on Monday.
The dollar nursed modest losses as investors decided to take some profits on
a four-session rally that swept the greenback to multi-year highs against the
yen and euro.
Himanshu Arora of Religare said, "USD-INR pair is expected to trade
slightly higher today amid strength in dollar against basket of currencies and
a fear of increasing risk in the market. Range for the rupee is seen between Rs
61.24-61.65/dollar."
Asian markets were trading lower on Wednesday. Sentiment in Asia was also
under further pressure after the European Commission cut its growth forecasts
for the euro zone on Tuesday. The body now forecasts growth of just 0.8 percent
this year, down from the 1.2 percent forecast in May.
Brent crude prices slipped to USD 82 per barrel, touching its lowest point
since October 2010. Top oil exporter Saudi Arabia cut prices to the United
States but raised them to Asia and Europe.
From precious metals space, gold snapped its four-session losing streak,
boosted by a drop in the dollar index and expectations of Asian physical demand
following bullion's tumble to a four-year low. More Information Please visit
this site www.bigprofitbuzz.com
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