Market Wrap - Vinod Nair, Head of Research at Geojit Financial Services

"Markets were more circumspect today, while IT stocks were impacted due to the earnings commentary from Wipro. Wipro did not give any earnings guidance but warned of a hit on margins. The earnings for TCS, expected later today, will give a clearer picture on the impact on the IT sector and demand outlook from developed markets. Economic data from around the world remained grim and global markets also remained weak. Stock specific news and information with regards to normalization of business is expected to drive stock and sector specific action in the markets."

Source : Equity Bulls

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