Wipro shares advanced ahead of the company's board meeting scheduled to consider Q4 results, dividend, and buyback announcement after market close. The board is set to approve both standalone and consolidated earnings for the March quarter, making this a multi-catalyst session for the stock. Investor attention is concentrated on the buyback decision, which would signal management's confidence in cash generation and potentially support the share price through demand absorption. A dividend announcement alongside earnings is a secondary income catalyst for retail holders. The combination of three simultaneous disclosures, earnings, dividend, and buyback, compresses the typical information release cycle into a single event, amplifying short-term price sensitivity. Traders will be parsing margin trajectory and revenue guidance closely, particularly given the broader IT sector's exposure to softening discretionary tech spending from enterprise clients. The post-market announcement eliminates intraday reaction but sets up a sharp open for the following session.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
