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Wipro Ltd said net profit fell 8 percent to Rs 2,835 crore for the fiscal fourth quarter, beating estimates. The company reported a profit of  Rs 3,074.5 crore in the year-ago period.

The software services company's revenue fell to Rs 22,208.3 crore in the three months ended March 31, according to an exchange filing on April 19. It reported consolidated revenue of Rs 23,190.3 crore in the year-ago period.

Analysts projected a profit of Rs 2,748 crore on revenue of Rs 22,117 crore, based on an average of 13 brokerage estimates.

IT services segment revenue was at $2,657.4 million, an increase of 0.1% sequentially and a decrease of 6.4% from a year earlier.

For the quarter ending June 30, the company has guided for a sequential revenue of (-)1.5 percent to 0.5 percent in constant currency terms.

On April 19, Wipro's shares on BSE closed 1.74% higher at Rs 452.1 apiece.

Srini Pallia, the new CEO and managing director said FY24 proved to be a challenging year for our industry, and the macroeconomic environment remains uncertain. "However, I am optimistic about the opportunities that lie ahead."

Pallia further said the company is on the brink of a major technological shift. "Artificial intelligence is transforming our clients’ needs as they seek to harness its power for competitive advantage and enhanced business value."

Pallia said Wipro has been gearing up for this moment. "We have the capabilities, leadership, and the strength of over 2,30,000 Wiproites around the world to help us realize our goals. Although there’s a considerable amount of work ahead of us, I am confident that together, with our collective effort, we can pave the way for the next chapter of growth.”

This is the first time that Wipro is reporting under its new chief executive officer Srinivas Pallia. On April 6, the then-CEO Thierry Delaporte abruptly resigned, paving the way for Pallia to helm the top role.

Delaporte resigned a year earlier than his scheduled term, after reports that promoters were unhappy with his performance and that he might not get an extension for his tenure next year.

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Prime Minister Narendra Modi has said that Tesla CEO Elon Musk is a "supporter of India" ahead of the billionaire's much-anticipated visit to the country later this month.

In an interview with ANI, the Prime Minister was asked about Musk's visit to India and how the Tesla CEO is a "fan" of Modi.

"Elon Musk being a supporter of Modi is one thing, but basically he is a supporter of India," PM Modi said. The full version of the interview will be released later.

In the trailer of the interview, PM Modi also speaks about electoral bonds and the buzz about his third term.

PM Modi's latest remarks comes ahead of Musk's visit to India in April.

Earlier, Musk said on X that he is looking forward to meeting with Prime Minister Narendra Modi.

Musk is likely to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said.

The two sources added that the billionaire will see PM Modi in New Delhi during the week of April 22 and will unveil his plans for India separately.

When Musk and Modi last met in June in New York, Tesla was considering building a factory in India and spent months lobbying that country to reduce import levies on electric cars.

India announced a new EV policy last month that will reduce import duties on some models from 100 percent to 15 percent provided a company spends at least $500 million and establishes a facility.

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In December 2023, it surpassed United Airlines to become the sixth largest airline in the world. Data shows that Delta Air and Ryanair Holdings are the top two airlines with $30.4 billion and $26.5 billion mcap, respectively.

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Market ends flat amid volatility; metal, realty, auto rally:

Indian equity market ended marginally lower in the volatile session.

At close, the Sensex was down 110.64 points or 0.15 percent at 73,903.91, and the Nifty was down 8.70 points or 0.04 percent at 22,453.30. About 2686 shares advanced, 1015 shares declined, and 111 shares unchanged.

Top losers on the Nifty were Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank and SBI Life Insurance, while gainers Tata Consumers Products, M&M, BPCL, Bajaj Auto and Adani Ports.

Among sectors, realty, metal, oil & gas, media, power and auto up 1-2 percent, while Information Technology and Telecom indices down 0.5 percent each.

The BSE midcap and smallcap indices rose 1 percent each.

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Topic :- Time:3.00 PM

Not much movement in Nifty. Nifty spot if holds above 22400 level on closing basis then expect some pull back in coming session and if it closes below above mentioned level then some sluggish move may further follow. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 153.50. It will find its immediate resistance at 156. If it holds below 156 it is likely to show some decline and above 156 it will head for 165 level soon.

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Topic :- Time:2.00 PM

Nifty spot is trading at 22412. Still trading in small range however stocks specific movement is there in the market. Nifty spot if manages to trade and sustain above 22420 level then expect some upmove and if it breaks and trade below 22380 level then some decline can be seen in the market.

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Topic :- Time:1.50 PM

Just In:

Mankind Pharma will sell OTC business on a slump sale basis to yet-to-be formed unit.

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Topic :- Time:1.40 PM

GOLD Trading View:

GOLD is trading at 68832. If it manages to trade and sustain above 68840 level then expect some more upmove in it and if it breaks and trade below 68750 level then some decline can be seen in Gold.

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Topic :- Time:1.00 PM

Nifty spot is trading at 22400. If it breaks and trade below 22380 level then expect some decline in it and if it manages to trade and sustain above 22420 level then some upmove can follow in Nifty.

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Topic :- Time:1.00 PM

Nifty spot is trading at 22400. If it breaks and trade below 22380 level then expect some decline in it and if it manages to trade and sustain above 22420 level then some upmove can follow in Nifty.

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Topic :- Time:12.45 PM

Just In:

Vistara flight cancellations: 70 flights are expected to be cancelled today on April 2.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 768.60. If it holds above 765 level then expect it to test 772 level quite soon. Buy on dips till it holds above 765 is recommended in it.

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Topic :- Time:12.00 PM

Nifty is consolidating and is likely to turn volatile later. Nifty spot if manages to trade and sustain above 22440 level then expect some upmove in it and if it breaks and trade below 22400 level then some decline can further follow in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex falls 200 points, Nifty below 22,450

2. SC raps a sorry Baba Ramdev, govt for moves on misleading ads

3. Indias manufacturing PMI hits 16-yr high in March

4. 48% active large-cap funds beat benchmark in 2023 vs. 12% a year ago

5. SpiceJet takes flight ownership to save money

6. Extreme heat likely in April-June: IMD

7. Tata Tech, BMW to form JV for software development

8. Car sales grew by nearly 9% to record units

9. Fincare merges with AU Small Finance Bank

10. Aditya Birla Fashion share price jumps 15% on demerger plan

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 02 April,2024:

Nifty is likely to consolidate and is expected to turn volatile in late session. Global cues and geo political issues will act as trend guiding force.

Nifty spot if manages to trade and sustain above 22520 level then expect some upmove in the market and if it breaks and trade below 22420 level then some decline can follow in the market.

Please note this is just opening view and should not be considered as the view for the whole day.

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BSE releases list of 25 stocks that will be eligible for T+0 settlement cycle from tomorrow

Heres the complete list:

AMBUJA CEMENTS LTD.
ASHOK LEYLAND LTD.
BAJAJ AUTO LTD.
BANK OF BARODA
BHARAT PETROLEUM CORPORATION LTD
BIRLASOFT LTD
CIPLA LTD.
COFORGE LTD
DIVIS LABORATORIES LTD.
HINDALCO INDUSTRIES LTD.
INDIAN HOTELS CO.LTD.
JSW STEEL LTD.
LIC HOUSING FINANCE LTD.
LTIMINDTREE LTD
MRF LTD.
NESTLE INDIA LTD.
NMDC LTD.
OIL AND NATURAL GAS CORPORATIO
PETRONET LNG LTD.
SAMVARDHANA MOTHERSON INTERNATIONAL LTD
STATE BANK OF INDIA
TATA COMMUNICATIONS LTD.
TRENT LTD.
UNION BANK OF INDIA
VEDANTA
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Topic :- Share Market Closing Note

Sensex, Nifty end higher amid volatility; auto, pharma, realty gain, IT drags:

Indian benchmark indices ended on positive note for the third consecutive session on March 22.

At close, the Sensex was up 190.75 points or 0.26 percent at 72,831.94, and the Nifty was up 84.80 points or 0.39 percent at 22,096.80. About 2434 shares advanced, 1209 shares declined, and 119 shares unchanged.

Top gainers on the Nifty included UPL, Maruti Suzuki, Hero MotoCorp, Bajaj Auto and Sun Pharma, while losers were Wipro, Infosys, LTIMindtree, HCL Technologies and TCS.

Metal, auto, realty, FMCG, capital goods, healthcare and power up 0.5-1 percent, while Information Technology index down 2 percent.

BSE midcap index up 0.3 percent and smallcap index up 1 percent.

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Topic :- Time:3.00 PM

Nifty spot if holds above 22100 level on closing basis then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish move may continue.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6759. It will face resistance at 6790-6800. If it fails to trade above it then we can see some decline in it again and if it manages to trade and hold above 6800 level then we can witness 6880 level soon in Crudeoil.

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Topic :- Time:2.15 PM

Just In:

Bhutans PM Tshering Tobgay welcomes PM Modi as he lands at Paro airport

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Topic :- Time:2.00 PM

Nifty is still in same small range. Nifty spot if manages to trade and sustain above 22120 level then expect some upmove and if it breaks and trade below 22080 level then some decline can follow in the market.

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 74527. If it breaks and trade below 74480 level then expect some decline in it and if it manages to trade and sustain above 74620 level then some upmove can follow in it.

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Topic :- Time:1.00 PM

Market is trading in small range. Nifty spot if manages to trade and sustain above 22120 level then expect some upmove and if it breaks and trade below 22080 level then some decline can be seen in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 753.10. If it holds below 755.50 level then expect it to test 750 level quite soon and if it manages to trade and sustain above 755.50 level then some upmove can follow in it.

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Topic :- Time:12.10 PM

Just In:

Welspun Corp bags line pipe orders in India and US worth ₹2,039 crore.

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Topic :- Time:12.00 PM

Nifty is trading in range now. Premium decay is going on so options traders are advised to trade with care.

Nifty spot if manages to trade and sustain above 22100 level then expect some upmove and if it breaks and trade below 22040 level then some decline can follow.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty flat; IT bluechips fall up to 5%

2. IndiGo nears a decision to race with Air India, capture more skies

3. Kejriwals arrest: SC bench to take up case shortly

4. FII bulls pour in Rs 43,900 crore in 13 sectors

5. TCIL to sell 15% stake in Bharti Hexacom

6. NMDC exploring lithium assets in Africa & Aus

7. Hindustan Zinc may put off demerger

8. RBI issues omnibus framework for SROs

9. IT stocks crash as Accenture lowers guidance, Nomura pessimistic on TCS, Wipro, LTIMindtree, L&T Tech

10. Indian government rejects Hindustan Zincs plan to split company

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Topic :- Securities in Ban

Securities in Ban For Trade Date 22-MAR-2024:

1. BALRAMCHIN

2. BIOCON

3. INDUSTOWER

4. PEL

5. SAIL

6. TATACHEM

7. ZEEL

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 22 March, 2024:

Flat opening expected. Nifty to turn volatile as the day progresses.

Nifty spot if manages to trade and sustain above 22040 level then expect some upmove and if it breaks and trade below 21980 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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The Securities and Exchange Board of India (SEBI) has asked the Association of Mutual Funds of India (AMFI) to stop accepting inflows into funds that invest in overseas ETFs. This move comes a little over two years after the MF industry exhausted its $7 billion limit to invest in overseas stocks; a move that had such overseas mutual funds stop accepting money .

The overlimit available to MFs to invest in overseas securities is $7billion. Since this limit was reached in January 2022, SEBI had asked fund houses to stop investing overseas.

The limit to invest in overseas ETFs is $1 billion and is about to be breached. Moneycontrol has reviewed a copy of the letter that the SEBI sent to AMFI, the industry body, on March 20. To be sure, there are two types of mutual fund schemes that invest in overseas markets. One type of MF schemes directly buys shares abroad. The other type of fund- typically a Fund of Fund buys units of ETFs abroad.

So far, fund houses accepting money in these Fund of Funds or ETFs that invest money in overseas ETFs will have to put a stop to it.

There are 77 mutual fund schemes in India that invest overseas. The earlier cap imposed on other overseas funds of $7 billion still continues.

SEBI had, however, in 2023 given a concession that fund houses could invest in foreign stocks again if their assets under management had fallen due to correction in overseas market, which would have led their assets under management to fall.

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Nifty around 22,050, Sensex up 100 pts; auto, metal, realty gain:

Indian benchmark indices ended on a positive note in the volatile session on March 18 with Nifty around 22,050.

Tata Steel, M&M, JSW Steel, Tata Motors and Apollo Hospitals were among the top gainers on the Nifty, while losers included Tata Consumer Products, UPL, Infosys, TCS and Titan Company.

Among sectors, capital goods, healthcare, auto, realty, metal, media up 0.5-3 percent, while IT, and FMCG down 0.5-1 percent.

BSE Midcap and Smallcap indices ended on a flat note.

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Topic :- Time:3.00 PM

Nifty spot if manages to hold and close above 22040 level then expect some further pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.

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Topic :- Time:3.00 PM

Nifty spot if manages to hold and close above 22040 level then expect some further pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 65475. If it manages to trade and sustain above 65500 level then expect some upmove in it and if it breaks and trade below 65420 level then some decline can follow in it.

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Topic :- Time:2.40 PM

Just In:

Narayana Murthy gifts Infosys shares worth ₹243 crore to grandson Ekagrah Rohan Murty

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Topic :- Time:2.10 PM

Nifty future cmp-22150. Immediate Support- 22134 and Resistance: 22180. Expect 50-60 points move in nifty future in either direction whichever gets breached first.

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Topic :- Time:2.10 PM

Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail has filed its draft red herring prospectus (DRHP) with Sebi to raise funds from public.

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Topic :- Time:1.50 PM

Just In:

J Kumar Infra wins ₹334.25-crore project from NBCC to build Delhi Transport Corporation depot.

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Topic :- Time:1.10 PM

Nifty spot is trading at 22072. If it manages to trade and sustain above 22100 level then expect some upmove in the market and if it breaks and trade below 22040 level then some decline can further follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 760. If it holds below 762.40 level then expect it to test 756-755 levels quite soon and once it manages to trade and sustain above 762.40 level then some upmove can be seen in the Copper.

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Topic :- Time:12.15 PM

Just In:

Torrent Power gains over 7% on bagging 300 MW wind solar hybrid project.

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Topic :- Time:12.00 PM

Nifty is trading in a range however traders should wait for clear cues before taking big positions. Nifty spot if manages to trade and sustain above 22020 level then expect some upmove in the market and if it breaks and trade below 21980 level then some decline can be seen in it.

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Topic :- Time:11.45 AM

Just In:

Let SBI not be selective in disclosure�: Supreme Court asks bank to submit affidavit that no info on electoral bonds has been withheld.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty in red; IT, Banks lead drags, Metals shine

2. Several of Adanis dollar bonds fell most in over six months on US probe

3. US probe into alleged bribery by Adani takes big toll on shares

4. Police close rape charges case against Sajjan Jindal

5. Putin cautions on World War 3 after landslide victory

6. BAT sells 3.5% stake in ITC.

7. Bhartis OneWeb vies to outpace Starlink and Jio

8. Bata India MD on driving premiumisation

9. Adani ready with Rs 1.2 lakh crore plan for FY 25

10. Coforge board nod to raise Rs 3,200 crore amid IPO withdrawal

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Topic :- Time:11.00 AM

After minor negative opening nifty is still trading in red zone with minor losses. Nifty spot if breaks and trade below 21980 level then expect some decline in it and if it manages to trade and sustain above 22020 level then some upove can be seen in the market.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 18 March,2024:

Nifty is likely to remain volatile and is expected to follow global cues. Traders are advised to wait for some time before taking delivery long positions and should prefer to do day trading. 

Nifty spot if manages to trade and sustain above 22060 level then expect some upmove in the market and if it breaks and trade below 21980 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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Share Market Closing Note

At close, Sensex was up 335.39 points or 0.46% at 73,097.28 and Nifty was up 149 points or 0.68% at 22,146.70.

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Topic :- Time:3.00 PM

Nifty spot if holds above 22080 level on closing basis then expect some further pullback in the market in coming sessions and if it closes below above mentioned level then some sluggish move may happen. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6657.If it holds above 6630 level then expect quick upmove in it till 6700-6720 level and if it breaks and trade below 6630 level then some decline can follow in it.

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Topic :- Time:2.10 PM

Nifty is trading volatile now and due to uncertainty one should avoid big positions. Nifty spot if manages to trade and sustain above 22120 level then expect some upmove in the market and if it breaks and trade below 22000 level then some decline can be seen in the Nifty.

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Topic :- Time:1.10 PM

Just In:

Railway stocks bounce back; IRFC, Railtel, RVNL, others surge up to 11%

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 22180 level then expect some upmove in it and if it breaks and trade below 22140 level then some decline can follow in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 751.75. If it manages to trade and sustain above 753 level then expect some upmove and if it breaks and trade below 749.80 level then some decline can be seen in it.

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Topic :- Time:12.15 PM

Just In:

One nation, one election: Ram Nath Kovind panel submits report to President Droupadi Murmu.

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Topic :- Time:12.00 PM

Indian stock market is showing sharp recovery today however participation of banknifty is still less. Nifty spot if manages to trade and sustain above 22180 level then expect some further upmove in the market and if it breaks and trade below 22140 level then some decline can be seen in the market.

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Topic :- Time:11.45 AM

Just In:

Fitch expect RBI to cut rate b 50 BPS.

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Topic :- Time:11.30 AM

News Wrap up:

1. Sensex recovers from days low, jumps 200 pts

2. An $80 billion crash in Indian smallcaps flashes warning signs

3. Fitch raises Indias GDP forecast, trims aim for China

4. 374 smallcaps fall at least 30% from peak

5. Investors warm up to Vi, but fundraising call on hold

6. Found negligence by Byjus auditors: ICAI

7. Hindenburgs objective to destabilise us: Adani 

8. RIL arm invests Rs 853 cr in its subsidiaries

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In the vast landscape of the stock market, there lies a realm often overlooked by the masses – the realm of hidden gem investments. These are the diamonds in the rough, the under-the-radar companies with immense potential waiting to be unearthed by savvy investors.

While many flock to popular stocks and trends, the true magic of investing often lies in uncovering these hidden gems – companies with strong fundamentals, innovative products or services, and promising growth prospects that have yet to be fully recognized by the market.

So, how does one go about finding these hidden gems? It requires a blend of research, patience, and a keen eye for spotting opportunities where others may not. Start by delving into sectors that are often overlooked or undervalued, keeping an ear to the ground for emerging trends or disruptive technologies.

Additionally, look for companies with solid financials, strong management teams, and a unique value proposition that sets them apart from the competition. Pay attention to metrics like revenue growth, profit margins, and cash flow to gauge the health and potential of a company.

But perhaps most importantly, don't underestimate the power of patience. Hidden gem investments may take time to fully blossom, but for those willing to wait and hold steadfast in their belief, the rewards can be significant.

In a world where the spotlight often shines brightest on the biggest names and hottest trends, there's a certain thrill in discovering the hidden gems that have yet to be fully appreciated. So, roll up your sleeves, dig deep, and embark on the journey of uncovering hidden gems for investment – you never know what treasures you may find.

Undiscover HIDDEN GEM STOCKS in THIS VIDEO: