MARKET HIGHLIGHTS:
• Biocon Ltd falls 2.7 percent.
• July-Sept earnings lag some analyst estimates.
• Margins contracted by 90 bps to 22.8 percent on account ofhigher employee costs.
• Says biopharma business continues to be impacted by factors like geo-political challenges.
• The Indian rupee has opened at 61.15 a dollar on Wednesday, up 16 paise compared to previous day’s closing value of 61.31 per dollar on hopes of strong trade in equity market.

Market Status:

Software services exporter Wipro is expected to report a 2.45 percent growth in second quarter dollar revenue at USD 1,783 million (on Wednesday) compared to USD 1,740.2 million in previous quarter (which is within the company's guidance of 1.7-4 percent), according to the average of estimates of analysts polled by CNBC-TV18. IT services revenue in rupee terms may jump 3.08 percent sequentially to Rs 10,832 crore in the quarter ended September 2014 from Rs 10,508.3 crore in June quarter.

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