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Sensex, Nifty rise, Wipro jumps on higher sales
The court order now becomes the central reference point for determining the structure of deals which see Indian assets located in India being traded outside the country - in tax havens like the Cayman Islands, for example.
20 Jan 2012, 09:49 AM IST 
Positive global markets and strong earning by IT major Wipro pushed the benchmark indices higher Friday. The Sensex advanced 58 points or 0.35 per cent to 16,702 while the Nifty index jumped 12 points to 5,030 at 0925 hours.Wipro jumped over 3.5% after it reported higher than expected sales in the third quarter. The company has guided for $1520 million - $1550 million revenue in Q4, a rise of 1-3 per cent. It was the top gainer on th...
