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Analysts said the overall structure shows that the index is likely to witness consolidation and short-term buying in the range of 17,000-17,300. “Now it has to hold above 17071 zones for an up move towards 17,250 and 17,333 zones whereas supports are placed at 16,950 and 16,888 zones,” said Chandan Taparia of Motilal Oswal.

“The overall HCL Tech revenue guidance has also increased from 12% to 13.5-14.5%, whereas services guidance has also improved and stands at 16% to 17% which also shows the management confidence in the services pipelines that they have. The good news is year ending services and the IT services both have improved more than 5% for the quarter which is a good result according to me. ”

“Geography wise, growth is coming in from the Europe side compared to America, Europe growth is higher than growth from America whereas everyone is feeling that Europe and UK is slowing down but this is not visible in HCL’s numbers. Even within verticals, manufacturing growth is coming at 10% quarter-on-quarter which is really commendable because overall there is a slowdown in manufacturing.”

The board confirmed the record date as October 20 for the purpose of determining shareholders’ eligibility for the dividend

The Nifty IT index closed 0.82 per cent up at 27694.65.

“Our strong performance in the quarter is further proof that our strategy is yielding the intended results. The solid growth in our bookings, large deal signings, and revenues underscores our improved market competitiveness and enhanced value proposition," Wipro CEO and MD Thierry Delaporte said.

Hero Motocorp with this product has showcased its technological capabilities are strong, said Nomura. "We believe that the EV market may be more fragmented than ICE with more products possible at different price points for different use cases."

"We have chosen the pure play part which is more on Manyavar and Vedant Fashions. In other consumption plays, we have Varun Beverages, Tata Consumer and Jubilant Food. There is a lot of consumption plays already in the portfolio in various strategies. Raymond we like but because it is a combination of real estate and apparel, we are not clear what we are banking on, although we are very gung-ho about real estate. "

The Nifty Pharma index closed 0.1 per cent up at 12839.35.

“China may prove to be a genuine bit of a black swan for the first time in a long time because the Chinese leadership is doing things that one would not normally expect of them to, at least along the lines of how China has behaved in the last 40 years.”