Wipro shares jump nearly 10% after Q4 earnings
Business | April 16, 2021 12:54 ISTShares of Wipro zoomed nearly 10 per cent in morning trade on Friday after the company posted a 27.7 per cent jump
Shares of Wipro zoomed nearly 10 per cent in morning trade on Friday after the company posted a 27.7 per cent jump
The National Stock Exchange (NSE) of India and BSE Ltd (earlier known as Bombay Stock Exchange) were closed on Wednesday on account of Dr Baba Saheb Ambedkar Jayanti.
Equity benchmark indices ticked up marginally during early hours on Tuesday tracking similar trends in Asian markets. At 10:15 am, the BSE S and P Sensex was up by 411 points or 0.86 per cent at 48,294 while the Nifty 50 edged higher by 131 points or 0.91 per cent to 14,442. Except for Nifty IT which dropped by 1.5 per cent, all other sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank up by 3 per cent, private bank by 1.4 per cent, auto by 2.4 per cent and FMCG by 0.9 per cent. Among stocks, energy major ONGC moved up by 4 per cent to Rs 102 per share. Bajaj Finserv and Bajaj Finance gained by 3.8 per cent and 2.6 per cent respectively.
Flipkart will set up its third data centre at Adaniconnex's Chennai-based facility, leveraging the latter's expertise and industry-leading data centre technology solutions.
The 30-share BSE index was trading 186.94 points or 0.38 per cent lower at 49,559.27. Similarly, the broader NSE Nifty slipped 44.10 points or 0.30 per cent to 14,829.70.
Infosys will work with London-based steel and mining firm's European arm and share its best practice to optimise, stabilise and transform its IT landscape.
NEFT, RTGS money transfer services has been extended to payments banks by the RBI.
Governor Das said prepaid payments instruments (PPIs) were given the option to become interoperable, wherein customers of one company can send funds to customers of other PPIs or banks.
After enactment of SARFAESI Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of companies.
Airtel will receive a consideration of Rs 1,037.6 crore from Jio for proposed transfer. Jio will assume future liabilities of Rs 459 crore relating to the spectrum.
The food inflation trajectory will critically depend on temporal and special progress of southwest monsoon in the 2021 season.
30-share BSE index was trading 199.01 points or 0.40 per cent higher at 49,400.40 and broader NSE Nifty advanced 68.90 points or 0.47 per cent to 14,752.40.
Equity benchmark indices traded lower during early hours on Thursday following weak global cues amid concerns about rising coronavirus cases and extension of lockdown measures in some countries.
The Bharatiya Janata Party (BJP) on Friday issued a whip to all its members in the Lok Sabha and asked them to be present in the House on March 22, requesting their support for the government's stand on "very important legislative business".
Equity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive.
Four more states -- Assam, Haryana, Himachal Pradesh, and Punjab have undertaken "Ease of Doing Business" reforms stipulated by the finance ministry.
Equity benchmark indices dipped marginally during early hours on Thursday amid mixed global cues with Nifty private bank lowering by 1.2 per cent.
Budget 2021 focused on infrastructure development to boost growth and create jobs. However, has been no relief for the middle class as I-T slabs remain unchanged.
Equity benchmark indices swung between gains and losses in an extremely volatile trade on Friday as investors awaited the presentation of Union Budget next week. Meanwhile, the Economic Survey said economy can contract by 7.7 per cent in fiscal 2020-21, pulled down mainly by coronavirus pandemic and subsequent lockdowns to contain the spread of disease. Real GDP growth can come at 11 per cent in the next financial year 2021-22 beginning April 1, it said. At the closing bell, the BSE SandP Sensex was down by 589 points or 1.26 per cent at 46,285 while the Nifty 50 lowered by 183 points or 1.32 per cent to 13,635. Most sectoral indices at the National Stock Exchange were in the red with Nifty auto plunging by 2.9 per cent, IT by 2.6 per cent, metal by 1.9 per cent and pharma by 1.8 per cent. Among stocks, Dr Reddy's was down by 5.3 per cent to Rs 4,613.55 per share. Auto majors suffered a blow with Maruti Suzuki skidding by 4.8 per cent, Hero MotoCorp by 3.7 per cent and Bajaj Auto by 2.7 per cent. Tata Steel cracked by 3.3 per cent, JSW Steel by 2.9 per cent, Bharti Airtel by 3.2 per cent, NTPC by 3.1 per cent and Wipro by 2.7 per cent. However, IndusInd Bank gained by 6.1 per cent to Rs 851.90 per share while ICICI Bank rose by 2 per cent and HDFC Bank by 1.4 per cent.
Equity benchmark indices erased early gains and traded flat during early hours on January 29 ahead of the Economic Survey to be tabled in Parliament.
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