It seems that fueled by market information’s, Wipro, the nation’s third-biggest software services provider, and DLF, the largest developer, made opposite movement in the trade market, thereby making the Indian stocks go topsy-turvy.

With President Barack Obama backing deficit-cutting proposal, the estate developer was seen rallying high since April, while Wipro was seen nose-diving following its three-month sloppy ride in corporate earnings. Wipro dropped by 3.6% to 400.15 rupees, poorest value since August while DLF surged by 2.1% to 244.9 rupees.

Resending to the poor performance showed by Wipro, Arun Kejriwal, a Director at Kejriwal Research & Investment Services Pvt. in Mumbai, claimed, “The positive mood from the U. S. and other world markets have been spoilt by Wipro’s numbers”.

As per reports, the Bombay Stock Exchange Sensitive Index, or Sensex, was seen rising by 6.36 points to 18,660.23 at 12:25 p. m. in Mumbai while the S&P CNX Nifty Index on the National Stock Exchange of India Ltd. gained less than 0.1 % to 5,615.10 and its July futures traded at 5,624.5. Even the BSE 200 Index slipped by 0.1 % to 2,317.82.

Amid global financial constraints, the Sensex had dropped by 8.8% this year, perhaps influenced by lower than expected corporate earnings shown by three out of six Sensex companies listed.