After opening the day in red, Share markets in India have traded on a volatile note and are presently trading below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the capital goods sector and stocks in the realty sector witnessing maximum buying interest, while stocks in the banking sector are leading the losses.

The BSE Sensex is up by 14 points (up 0.1%) and the NSE Nifty is trading down by 16 points (down 0.1%). Meanwhile, the BSE Mid Cap index is trading up by 0.2%, while the BSE Small Cap index is trading up by 0.3%. The rupee is trading at 64.90 to the US$.

In news from stocks in the IT sector. Wipro share price is in focus today after the company declared is second quarter results.

Wipro Ltd, India's third largest software firm, yesterday reported a 5.8 per cent rise in net profit for three months to September but gave a muted guidance for the third quarter earnings.

Its consolidated net profit (attributable to equity shareholders) in July-September at Rs. 21 billion, was higher than Rs. 20.7 billion, in the same period a year before, the company said in a statement.

On a sequential basis, the profit was up 5.5%.

Its total income fell by about 1.9% to Rs. 141.3 billion and the company said the healthcare segment continues to be volatile.

IT services revenue in dollar terms grew by 2.1% quarter-on-quarter to US$ 2 billion in July-September, while constant currency sequential growth was 0.3%.

Net utilisation for the quarter stood 81.8% vs 80.3% in last quarter. Attrition during the quarter stood at 15.7% vs 15.9% in Q1FY18.

It's still early days, but the attrition rate at mid-cap IT companies seems to be holding up relatively well after the Trump onslaught. Both NIIT Tech and Mind Tree have lost less of their total workforce than industry giants like Infosys and TCS and Wipro.

IT Mid-Caps Weathering the Storm Better Than Large Caps

This is a little counterintuitive. Of course, not much can be inferred from just a couple of quarters of data. And who knows, this could all just be noise and not a trend pointer.

But that doesn't mean it's too early to ask if large IT companies are in a hurry to get rid of a redundant workforce. Or if they're moving to automation faster than smaller companies. Or if they're hiring more from the US after the visa overhaul and less from India.

At the time of writing, Wipro share price was trading up by 1.6%.

Moving on to news from stocks in the power sector. Power Grid Corp share price is among the top gainers on the bourses today.

The surge comes after the company emerged as a successful bidder to strengthen transmission operations in Bihar.

The bidding was done to establish 'Eastern Region Strengthening Scheme' on a build, own, operate and maintain basis.

The bidding was done under Tariff Based Competitive Bidding or TBCB.

With the new bidding in place, the company will be traversing the Transmission system in the state of Bihar, with the establishment of three new 400kV substations and associated 400kV transmission lines.

Earlier this month, Power Grid Corp had entered into a term loan facility agreement with ICICI Bank for Rs 32.7 billion.

The company plans to use these funds for the current project, as well as for capital expenditure. The company has as an ambitious investment plan and has budgeted capital including investment in joint venture and subsidiaries of more than Rs 250 billion during 2017-18

At the time of writing, Power Grid Corp share price was trading up by 3.5%.