Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   The Sensex ended up 106.05 points at 30570.97, while the Nifty closed up 10.35 points at 9438.25. The market breadth was negative as 903 shares advanced against a decline of 1,852 shares, while 161 shares were unchanged. ITC, Bharti Infratel and Larsen & Toubro gained the most on both indices, while State Bank of India and Lupin were a drag. Midcaps continued their decline from the previous sessions, along with PSU Banks, and energy, while FMCG stocks gained the most. Bank Nifty Outlook:   Wipro, India’s third-largest IT services company, is looking to reduce its workforce by 10 percent this year, Moneycontrol has learned from some managers in the company. Wipro currently employees close to 1.8 lakh people. Internally, the project is code-named B10 (Bottom 10 percent). The managers said the human resource department had asked them to identify the bottom 10 percent during appraisals which concluded in April. The company last year introduced a quarterly appraisal system. When asked about this, Wipro denied the development, but refused to give the actual percentage of employees it was likely to fire due to performance-related issues. Nifty Trends    R1 9465 R2 9500 S1 9370 S2 9280 Technical Outlook Top Gainers ITC 303.00 INFRATEL 388.20 HCLTECH 859.00 LT 1,753.00 TATAMOTORS 449.20 Top Losers LUPIN 1,259.95 SBIN 294.40 AUROPHARMA 574.50 GAIL 388.85 AMBUJACEM 243.70 To Get Free Trial Missed call @8817002233  Mail Us = starindiamarket@gmail.com visit -http://www.starindiaresearch.com/freetrail.php