Wipro shares declined after the Indian IT services company issued a weak forward guidance, stoking concern about the pace of recovery in enterprise technology spending. The forecast disappointed investors who had been watching for signs that demand from global clients was stabilizing after a prolonged period of budget caution. Wipro's outlook adds to a pattern visible across India's IT sector, where large outsourcing vendors have struggled to convert deal wins into revenue growth amid client deferrals and project delays. The company's guidance will now sharpen scrutiny on peers including Infosys and TCS when they report, as analysts assess whether the weakness is company-specific or a broader sector signal. Near-term pressure on Wipro's valuation is likely, with investors recalibrating earnings expectations for the fiscal year ahead.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
