Friday January 4, 11:30 AM
Fancy for software... |
|
By Equitymaster.com
The markets are moving up gradually on the back of strong buying interest in software counters. Volumes are centred around software stocks and Infosys is the most active stock. Media stocks are also in limelight while FMCG and banking sectors are lacking demand.
The BSE Sensex is at 3,354 (up 46 points) and the NSE Nifty is at 1,087 (up 15 points). The rupee is trading at Rs 48.26 per US dollar.
Crisil (CRSL.BO, news) is up by 10% on its strong third quarter performance. The company has reported a rise of 62% in revenues and over 200% growth in profits before extraordinary items. The company's advisory business, which accounts for 19% of its total revenues, fueled its overall performance in the December quarter.
Wipro (WIPRd.BO, news) is the largest gainer (up 6.2%) among the top 10 software stocks. The company has unveiled the new version of its application security product WiproWebsecure (tm) 3.0. This new version is expected to enable companies in improving productivity and increasing operational efficiencies. Wipro's web security products are used in financial, retail, manufacturing, insurance and telecom industries.
Among the media stocks, Balaji is up by 12%, while Zee is attracting selling pressure at higher levels. The stock was up by 5% in the morning session.
|
