Research Infotech Morning Update : Nifty Above 8400, Sensex Firm; HCL Tech falls 2%, Bharti Down

The Market has opened flat with the Nifty above 8400. The 50-share is up 23.65 points or 0.3 percent at 8415.15 while the Sensex is up 73.91 points or 0.3 percent at 27191.25. GAIL, Adani Ports, HDFC Bank, L&T and SBI are top gainers while Bharti, HUL, Infosys, Asian Painrs and Wipro are losers in the Sensex. HCL Technologies is down 2 percent after it posted Q3 results. While retaining FY17 constant currency dollar revenue growth guidance at 12-14 percent, HCL Technologies said its third quarter profit grew by 2.3 percent sequentially to Rs 2,062 crore.
Rupee revenue during the quarter increased 2.6 percent quarter-on-quarter to Rs 11,814 crore and dollar revenue rose 1.3 percent to USD 1,745 million. The IT services provider expects its full year dollar revenue guidance at 10-12 percent while maintaining EBIT margin guidance of 19.5-20.5 percent.

The Indian rupee has opened higher by 12 paise at 68.08 per dollar on Tuesday against previous day's closing of 68.20 per dollar.More Information visit : www.researchinfotech.in and call : 8982890444