Wipro – Shares of the Azim Premji-led IT company fell as much as 7 percent…, the most in over 20 months, to Rs 263.35 despite beating earnings estimates in June quarter.
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Sensex, Nifty Edge Higher; HDFC Bank Falls On Q1 Profit Miss
Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.2 percent or 76 points to 36,570 and the NSE Nifty 50 index advanced 0.2 percent or 28 points to 11,038.
Indian equity benchmarks edged higher, but gains were capped as the country’s largest private sector lender – HDFC Bank fell after it missed profit estimates in June quarter.
Wipro Wins $1 Billion IT Deal From Alight Solutions
Gold Silver Reports (GSR) – Starting next year, Wipro is assured of at least $140 million in revenue, a shot in the arm for Abidali Neemuchwala, who since taking over as chief executive officer in February 2016 has been trying to put the Bengaluru-based company back on the growth path.
Bajaj Auto Stock Eyes 20% Domestic Market Share In The Next Two Quarters
Gold Silver Reports (GSR) – Besides, with the African markets rebounding after witnessing downturn for nearly three years, the Pune-based firm expects to continue the momentum of high double-digit growth witnessed in the first quarter, said a senior company official.
Stocks Market To Watch: ACC, HDFC Bank, Hindustan Zinc, UPL, Wipro, Just Dial
✅ UPL Ltd. to acquire Arysta Lifescience in an all cash deal worth $4.2 billion.
✅ Wipro guided for IT services revenues to be in range of $2,009 million to $2,049 million in the second quarter. The company will acquire U.S.-based Alight Solutions’ India operations for $117 million.
✅ Just Dial approved buyback of 27.5 lakh shares, or 24.26 percent equity, at Rs 800 each. The buyback amount to not exceed Rs 220 crore.
Stock Market Update : Wipro Halts Nine-Day Rally Ahead Of Earnings
Shares of Wipro Ltd. halted a nine-day rally, its longest winning streak in two weeks. The stock fell as much as 0.6 percent to Rs 284.20, ahead of its earnings announcement.
Sensex Jumps 130 Points, Nifty above 10,980 Ahead of Modi Government No-Confidence Vote
Gold Silver Reports (GSR) – Indian benchmark indices BSE Sensex and NSE’s Nifty 50 gained on Friday as the Parliament will debate the no-confidence motion tabled by opposition parties against the Narendra Modi government.