Sensex down 31 Pts, Nifty below 7780, Wipro report 5.5% growth in Q1, Stock trading tips today

The Sensex was trading rangbound with opens negative bias in trade on Thursday. 11:40 Am, The Sensex was trading up 28.44 points or 0.11% at 26175.77 and the nifty trading 6.45 points or 0.08% gain at 7802.20.

Nifty 50-share supported by Tata steel, Bank of baroda, Hindalco Inds, IDFC, Sesa Goa, HCL Tech, Ambuja Cements, BHEL, DLF, JSPL, PNB, Tech Mahindra, M&M, SBI, L&T, Asian paints were top gainers today.

Among Cairn India, Dr. Reddy’s, Gail, Hero Motocrop, Cipla, Tata motors, Lupin, HDFC, Sun Pharma, Bajaj Auto, Indusindbk bank, Infosys, Power Grid, Bharti Airtel were top losers today.

Wipro, one of the largest software IT company in India. Today declare it’s first quarter (April-June) earning. Wipro likely to report 5.5% growth in Q1 net profit.

According to CNBC-TV18 poll estimates, analysts expect dollar revenue to grow 1.44 percent sequentially to USD 1745 million in the quarter ended June 2014 as against growth of 2 percent and 5.5 percent reported by peers Infosys and TCS, respectively. Wipro (after Q4FY14 numbers) had estimated dollar revenue in the range of USD 1715-1755 million (-0.3 to 2 percent) for June quarter.