Wipro shares fell roughly 4% after the company's fourth-quarter results and a buyback announcement failed to reassure investors rattled by weak forward guidance. The selloff extended a bruising stretch for the stock, which is now down more than 23% year-to-date and 13.5% over the past twelve months. The results fell short of expectations on key metrics, and management's outlook for the coming quarter did little to signal a recovery in IT services demand. The buyback, typically a floor-setting signal for institutional holders, was insufficient to offset the guidance overhang. Wipro's weak print reflects persistent pressure across the Indian IT sector, where enterprise clients, particularly in the US and Europe, continue to delay or reduce discretionary technology spending. Investors will watch whether peers reporting in the same cycle confirm the same demand softness, which would indicate a sector-wide repricing rather than a company-specific problem. Near-term sentiment for Wipro hinges on whether guidance stabilizes in the following quarter.
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.
