6 August 2014

Live Intraday Tips News Updates; Sensex sheds 243 pts, Nifty below 7700

Global intraday markets weighed on Indian investors' sentiments. The Sensex was down 242.74 points or 0.9 percent at 25665.27 and the Nifty slipped 74.50 points or 0.96 percent at 7672.05. About 1496 shares have advanced, 1479 shares declined, and 116 shares are unchanged. Infosys, M&M, Reliance, BHEL and HUL are top gainers while ITC, ICICI Bank, Sesa Sterlite, Axis Bank and Bharti were among major losers in the Sensex.
IT services provider Cognizant Technology Solutions Corp reported a 16.5 percent rise in quarterly revenue, helped by higher IT spending in North America and Europe. The company's net income in the second quarter ended June 30 rose to USD 371.9 million, or 61 cents per share, from USD 300.4 million, or 49 cents per share, a year ago. Revenue rose to USD 2.52 billion from USD 2.16 billion a year earlier.

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