Live Tips with Intraday Market Updates; Sensex snaps 8-day gains

In Intraday market after a 1265-point rally in past eight consecutive sessions, the 30-share BSE Sensex shed 145.10 points on Friday as investors book some profits in oil & gas, banks, auto and infrastructure stocks. The index closed at 26126.75 after falling as much as 264.54 points intraday while the 50-share NSE Nifty slipped below the 7800-mark, down 40.15 points to 7790.45.
India’s third largest software services exporter Wipro disappointed the street with its first quarter earnings. It reported dollar revenue growth at 1.17 percent as against analysts’ forecast of 1.44 percent and even that was lower than its closest peers Infosys (2 percent) and TCS (5.5 percent).

The Intraday stock plunged 4.7 percent. Its rival Infosys was down 0.77 percent but TCS continued its upside momentum for the sixth consecutive session especially after strong earnings on last Thursday. The stock was up 0.4 percent today to end at record closing high of 2,604.95 and gained 9.4 percent from last Friday.

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