Going by the current pace, IT firms are likely to exceed the manufacturing sector in salary payouts over the next five years.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
The Nifty had hit its third successive record high of 7,922.70 today.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
The sharp fall in the rupee's value against the dollar during the July-September quarter, it turns out, has come as a boon for corporate earnings.
Import alert on Ranbaxy's Mohali unit; Strides' injectible arm gets warning letter
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