Market Check S&P BSE Sensex 34,570.93 0.20% Nifty 50 10,585.45 0.14% S&P BSE 200 4,655.39 0.21% Nifty 500 9,361.20 0.12% S&P BSE Mid-Cap 16,804.86 0.10% S&P BSE Small-Cap 18,155.18 0.20% Interview of the day We'll acquire new biz for skills we can't build internally, says Wipro CFO Wipro Chief Financial Officer JATIN DALAL tells Bibhu Ranjan Mishra and Samreen Ahmad in an interview that even though a couple of past buyouts have not done well, it will not turn away from inorganic opportunities. The focus, however, would be to grow capabilities organically. CLICK HERE FOR MORE Jatin Dalal, Wipro CFO Wipro falls post Q4 earnings Sectoral Trend Top Sensex gainers and losers Markets at Open At 9:16 am, the S&P BSE Sensex was trading at 34,527 up 26 points while the broader Nifty50 index ws ruling at 10,577, up 6 points
That apart, the expiry of derivative contracts for April series due later in the day, corporate results for the March 2018 quarter (Q4FY18) and global cues are likely to impact market sentiment as the day progresses.
Among major results, Wipro, India's third-largest IT services company, posted slower revenue growth in 2017-18. The weak revenue growth guidance for the April-June quarter of 2018-19 raised concerns if the company would be able to maintain its growth in this financial year. The company posted a drop in its net profit with a marginal slide in its revenue growth for Q4FY18, as slowdown in communication vertical coupled with insolvency of two of its clients dragged its performance.
(with Reuters inputs)