Axis Bank saw a pullback near the significant 200-DMA level where it bottomed out earlier. It broke above the important 50-EMA level, which has strengthened the trend.
Hindustan Aeronautics registered a breakout from a potential Volatility Contraction pattern, which is a bullish sign for the short-to-medium term trend.
Wipro has guided for revenues in the range of $2,753 million to $2,811 million, which translates to sequential guidance of minus 3 per cent to 1 per cent in constant currency (CC) terms.
Wipro share buyback: The large buy-back program will deplete significant portion of cash and investments of the company and may hit its ability to maintain payout over FY24/25E, waned Motilal Oswal Securities
Wipro on Thursday said it would buyback up to 269,662,921 shares of face value Rs 2 each from the shareholders of the company on a proportionate basis, by way of a tender offer, at a price of Rs 445 per equity shares.