Wipro, Satyam post their quarterly results

Wipro Ltd, India's third largest information technology outsourcer, missed forecasts with a 15 per cent rise in quarterly profit, as the global economic downturn hurt demand from its major Western clients. Wipro's, net profit rose to 8.14 billion rupees in its fiscal first quarter ended June. Shares in Wipro, rose three per cent in the June quarter, trailing a 13 per cent rise in the sector index but outperforming a 14 per cent drop in the Mumbai index.