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Wipro the big IT company may cut 30 percent of its employees because a company going to invests in the automation and artificial intelligence which reduces the need of human capital. The commodity market opened negatively in morning session today, Gold, Silver and Crude prices are trading lower.

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The 30-share index was trading at 24,932 down 111 pts or 0.45 per-cent. It reached a high of 24,949.39 & a low of 24,867.73 in early morning trade.

The extension of trading hours might not become a reality anytime soon as the Securities and Exchange Board of India (Sebi), stock exchanges and brokers were yet to agree on how it would be implemented, said three officials with direct knowledge of the matter.

On Thursday, Wipro slipped over 4 percent in morning session. This was due to it's lower than expected March quarter earnings.

Today's market opened positive and ended at its all-time high due positive economic data. Sensex gained 133.97 points to 30322.12; Nifty gained 44.50 points to 9445.40.

preference shares mean shares giving preferential rights to shareholders. Find here in detail about types of preference shares issued by a company.