Today's Intraday Share Market Update By CapitalHeight

The market has opened flat as the Sensex is down 16.96 points at 24438.08. The Nifty slips 12.50 points at 7425.30. About 225 shares have advanced, 417 shares declined, and 61 shares are unchanged.
           Wipro's third quarter consolidated profit declined to Rs 2,234.1 crore compared to Rs 2,235.4 crore in preceding quarter while revenue increased 3 percent sequentially to Rs 12,951.6 crore.

             IT services revenue missed analysts' expectations, rising 2.25 percent to Rs 12,314 crore in quarter ended December 2015 compared to Rs 12,042.8 crore in preceding quarter.

           The Indian rupee slipped to a fresh two years low. It has opened lower by 10 paise at 67.70 per dollar versus 67.60 Friday.

      Asian markets opened sharply lower this morning following a big selloff on Wall Street. Japan’s Nikkei touched its lowest levels in nearly a year. The Chinese central bank set yuan mid-point at 6.5590/$ while the safe-haven yen got off to a flying start.

             Singapore exports fell more than expected in December as a slump in sales to China deepened, adding to worries that global headwinds will keep the trade-dependent economy on a wobbly footing this year.

          China's yuan firmed on Monday as the central bank announced new moves to curb offshore speculation in the currency, while stocks were volatile after the securities regulator blamed immature markets and inexperienced investors for their latest meltdown.

           Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend.

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