Nifty Tips
The BSE benchmark Sensex today closed above 20,000 mark level for the first time in two years on continued buying in refinery stocks on government's reform step in virtually freeing diesel prices and good earnings by corporates.
In major earnings today, ITC and HDFC Bank reported strong growth numbers. Wipro’s third quarter numbers were slightly ahead of analyst estimates, but the mute revenue guidance for the March quarter prompted investors to book profits. Wipro shares ended around 8 percent lower. Overall, IT shares underperformed as analysts feel they are fairly priced for the time being after the recent run up.
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