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The market
has touched three-month high with the Sensex rising 212.81 pts to 27500.47
and the Nifty climbing 55.45 points to 8307.15.
The broader markets underperformed benchmarks;
the BSE Midcap and Smallcap indices rose 0.5% each.
Software
services provider KPIT Technologies surged 13% as it has reported excellent
performance in July-September quarter with profit rising 69% sequentially to Rs 75.08 crore on strong improvement in operating profit
performance.
Cairn India
rose 3% after beating analysts' expectations on bottom line front. Profit
declined 19.4 percent sequentially to Rs 672.7 crore in July-September quarter
against forecast of Rs 575 crore.
GAINERS AND LOSERS:- ITC, ICICI Bank, Reliance Industries, HDFC, SBI, Tata Motors, Lupin, ONGC and Axis Bank gained 1-2 percent while Bharti Airtel and Wipro lost 1.5-2 percent. Wipro missed expectations on guidance front. It expects Q3FY16 IT services dollar revenue in range of USD 1,841-1,878 million, a growth of 0.5-2.5% over Q2.
GAINERS AND LOSERS:- ITC, ICICI Bank, Reliance Industries, HDFC, SBI, Tata Motors, Lupin, ONGC and Axis Bank gained 1-2 percent while Bharti Airtel and Wipro lost 1.5-2 percent. Wipro missed expectations on guidance front. It expects Q3FY16 IT services dollar revenue in range of USD 1,841-1,878 million, a growth of 0.5-2.5% over Q2.
BUY RUSHIL DECOR ABOVE 274 TG
276, 279, 283 SL 271,
BUY LT FOOD ABOVE 239 TG 241,
244, 248 SL 236,
