Oil marketing companies surged in late trade with the BPCL, HPCL and IOC rising 3-4 percent.
Software services exporter Wipro’s first quarter (April-June) IT services revenue may grow 2.28 percent sequentially to USD 1,925 million and rupee revenue may increase 1.1 percent to Rs 12,940 crore.
Analysts say growth may be boosted by full quarter integration of Healthplan acquisition and currency tailwinds. According to them, Healthplan can contribute around 200 basis points to topline.
They expect constant currency revenue growth of around 1.7-2 percent for the quarter, which is within the company’s guidance of 1-3 percent at USD 1,901-1,939 million.