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The Nifty50 index managed to surpass crucial resistance levels in a single trading session and is on track to hit a higher target towards 11400, say, experts. Breakout, finally! Five days of a successive rally in the Indian markets pushed Nifty50 beyond its crucial resistance levels of 10,985-11,000 on Wednesday. The index made a long bullish candle for the 5th consecutive day in a row. Nifty50 opened at 10,965 slipped marginally to 10,962 before breaking above 11,000 levels. It touched an intraday high of 11,072 before closing the day at 11,062, up 128 points from its previous close of 10,934.35. Nifty50 managed to surpass crucial resistance levels in a single trading session and is on track to hit a higher target towards 11,400, say experts. India VIX fell by 0.95 percent at 15.63 levels which should comfort bulls. Bank Nifty comparatively remained range bound but managed to extend its gains towards 27,400 zones. It formed a Bullish candle and entering its cruc...

The company also announced a bonus issue. Investors in Wipro will get one bonus share for every three shares held. Wipro   reported IT services revenue of Rs 14,665.6 crore for the December quarter, a rise of 2 percent compared to revenue of Rs 14,377.3 crore posted during the previous quarter. The earnings before interest and taxes was reported to be at Rs 2,909.4 crore, a jump of 12.5 percent quarter on quarter from Rs 2,586.3 crore. The IT services EBIT margin rose to 19.8 percent from 18 percent posted during the previous quarter. The constant currency revenue growth has been reported at 2.4 percent against 2.8 percent that the company posted during the previous quarter. The dollar revenue for IT services was posted at USD 2,046.5 million. The growth is comparatively flat as compared to previous quarter’s revenue at USD 2,041 million. The company also announced a bonus issue. Investors in Wipro will get one bonus share for every three shares he...