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Opening bell: Sensex in red at 60,287; Nifty trades at 17,789
IT counters took a beating in the morning trade which resulted in weak trend in the benchmark indices.

Nestle to examine banking relationships following Credit Suisse downfall
The maker of Nescafe instant coffee and KitKat chocolate bars raised prices by 8.2% last year, but that did not fully offset the impact of increased ingredient costs on margins.

Reliance to offer FMCG products at up to 35% lesser price
Earlier this month, RCPL relaunched the iconic soft drinks brand Campa, entering into the turf of US cola majors PepsiCo and Coca-Cola. It had priced competitively at ₹10 for a 200-ml bottle and ₹20 for a 500-ml bottle.

Tirupati temple richer than Wipro, Nestle, ONGC and Indian oil: Report
Tirumala Tirupati Devasthanams (TTD) is growing richer and richer as the cash and gold offerings made by devotees at the hill temple continue to rise and fixed deposits in banks are also generating more income in view of increase in interest rates, a temple official said.

Nestle shares climb over 2% after earnings announcement
The stocks went higher by 2.14 per cent to settle at ₹19,800 apiece on the BSE. During the day, it climbed 2.39 per cent to ₹19,849.95.
