Wipro shed more than $650 million in market capitalization following a weak forward guidance, rattling investor confidence in one of India's largest IT services exporters. The selloff reflects a broader concern about demand visibility across the sector, as enterprise technology spending remains cautious heading into the next quarter. Wipro's guidance miss signals that clients, predominantly large Western corporates, are continuing to defer or scale back discretionary IT contracts, squeezing revenue growth expectations for the near term. The market reaction puts pressure on Wipro's management to articulate a credible recovery path, and will sharpen analyst scrutiny on peers including Infosys and TCS when they report. For investors tracking Indian IT as a proxy for global enterprise spending sentiment, a guidance-driven drawdown of this magnitude is a meaningful signal on sector repricing risk.
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.
