After a bad day of slaughter on Greek worries, the market finally managed to pick up some strength towards end. The Sensex was down 166.69 points or 0.6 percent at 27645.15, and the Nifty slipped 54.40 points or 0.6 percent at 8326.70. About 896 shares advanced, 1791 shares declined, and 154 shares were unchanged.
HUL, L&T, Dr Reddy's Labs, ICICI Bank and HDFC were top gainers in the Sensex. Among the losers were Hindalco, Sun Pharma, Maruti, SBI and Tata Motors.
03:15 pm Midcap IT growth? Madhu Babu of Centrum Broking expects a 12-13 percent growth in mid-cap IT segment. "Over the last 5 years, the service mix in the segment has improved substantially, they have made good relationship with their top ten clients and had a good influx of senior management," he said.
He sees TCS growing 4 percent in dollar terms and a bounce back from Infoysys, which reported a 2.75 percent revenue decline in the last quarter. For HCL Tech, he has a target of Rs 1060 per share and for Wipro, a target of Rs 660 per share.
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