Sensex and Nifty reference capital rates decreased in early trade on Thursday dragged by IT’s shares after Wipro warned about a weak quarter ahead in the middle of global uncertainties.
The 30 shared benchark Sensex decreased 362 points to 76,682.29 in the early trade. The NSE Nifty fell into 129.75 points to 23,307.45.
From the Sensex, HCl Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services, Larsen & Toubro and Titan companies were among the biggest lagging.
Icici Bank, HDFC Bank, Bharti Aircel and State Bank of India were the winners.
Wipro on Wednesday reported an interannual increase of 25.9 percent in the gains of the consolidated network for the quarter of March to ₹ 3,569.6 million rupees, but warned of a weak quarter ahead with up to 3.5 percent expected drop in revenue from IT services.
Wipro shares quoted more than 5 percent lower.
In the Asian markets, the Kospi index of South Korea, Nikkei 225 of Tokyo, the SSE compound of Shanghai and Hang Kong’s Hang Seng cited higher.
American markets ended significantly lower on Wednesday.
Foreign institutional investors (FII) bought shares worth ₹ 3,936.42 million rupees on Wednesday, according to exchange data.
Global Oil Benchmark Brent Crude rose 0.87 percent $ 66.42 per barrel.
Defiting a trend of the weak global market on Wednesday, the BSE Sensex rose 309.40 points or 0.40 percent to establish a maximum of two weeks of 77,044.29 in a volatile session. The ingenious recovered 108.65 points or 0.47 percent to 23,437.20.
Posted on April 17, 2025
