Benchmarks were witnessing a sluggish session due to lack of buying activity after a sharp rise a day ago. Subdued opening of European markets also kept the markets under check.
At 1 pm, National Stock Exchange’s Nifty was at 6097.60, down 3.95 points or 0.06 per cent. The index touched a high of 6121.10 and low of 6079.70.
Bombay Stock Exchange’s Sensex was at 20228.66, down 31.92 points or 0.16 per cent. The index touched a high of 20351.74 and low of 20222.97.
BSE Midcap Index inched 0.32 per cent higher and BSE Smallcap Index climbed 0.51 per cent.
Amongst the sectoral indices, BSE IT Index gained 1.17 per cent and BSE Oil&gas Index advanced 0.40 per cent. BSE Realty Index fell 1.10 per cent and BSE FMCG Index declined 0.94 per cent.
TCS (5.29%), Siemens (3.32%), Power Grid (1.23%),Ranbaxy Laboratories (1.01%) and Reliance Communications (1.01%) were the top Nifty gainers.
TCS beat market expectations by reporting quarterly revenues of $2 billion for the first time, widening its lead over sector rival Infosys and also narrowing the historic margin gap. Net profit rose 32% to Rs 2,169 crore for the July-September quarter, and operating margins improved to 28% — the best TCS has managed over the past few years.
Wipro (-5.03%), Sesa Goa (-2.80%), Axis Bank (-2.24%), DLF (-1.98%) and HCL Tech (-1.88%) resisted the upmove.
Meanwhile, Wipro, India's third largest software services firm, missed forecasts with a 10 per cent rise in second-quarter profit as higher salaries and currency volatility hit margins, but the company said strong outsourcing demand would boost IT revenue.
The company forecast IT services revenue of $1.32 billion to $1.34 billion for the third quarter ending in December, up 3.5 to 5.5 per cent from the second quarter. On average, analysts had expected the firm to forecast a four to five per cent increase in IT services revenue.
Market breadth was positive on the NSE with 1717 advances against 1540 declines.
European markets were witnessing some profit booking. FTSE 100 was down 0.27 per cent, CAC 40 slipped 0.37 per cent and DAX declined 0.18 per cent.
At 1 pm, National Stock Exchange’s Nifty was at 6097.60, down 3.95 points or 0.06 per cent. The index touched a high of 6121.10 and low of 6079.70.
Bombay Stock Exchange’s Sensex was at 20228.66, down 31.92 points or 0.16 per cent. The index touched a high of 20351.74 and low of 20222.97.
BSE Midcap Index inched 0.32 per cent higher and BSE Smallcap Index climbed 0.51 per cent.
Amongst the sectoral indices, BSE IT Index gained 1.17 per cent and BSE Oil&gas Index advanced 0.40 per cent. BSE Realty Index fell 1.10 per cent and BSE FMCG Index declined 0.94 per cent.
TCS (5.29%), Siemens (3.32%), Power Grid (1.23%),Ranbaxy Laboratories (1.01%) and Reliance Communications (1.01%) were the top Nifty gainers.
TCS beat market expectations by reporting quarterly revenues of $2 billion for the first time, widening its lead over sector rival Infosys and also narrowing the historic margin gap. Net profit rose 32% to Rs 2,169 crore for the July-September quarter, and operating margins improved to 28% — the best TCS has managed over the past few years.
Wipro (-5.03%), Sesa Goa (-2.80%), Axis Bank (-2.24%), DLF (-1.98%) and HCL Tech (-1.88%) resisted the upmove.
Meanwhile, Wipro, India's third largest software services firm, missed forecasts with a 10 per cent rise in second-quarter profit as higher salaries and currency volatility hit margins, but the company said strong outsourcing demand would boost IT revenue.
The company forecast IT services revenue of $1.32 billion to $1.34 billion for the third quarter ending in December, up 3.5 to 5.5 per cent from the second quarter. On average, analysts had expected the firm to forecast a four to five per cent increase in IT services revenue.
Market breadth was positive on the NSE with 1717 advances against 1540 declines.
European markets were witnessing some profit booking. FTSE 100 was down 0.27 per cent, CAC 40 slipped 0.37 per cent and DAX declined 0.18 per cent.
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