Wipro shares saw a marginal increase in recent trading sessions but underperformed compared to the broader market rally. The stock has been moving cautiously amid sectoral competition.
Bajaj Finserv shares remained in focus today as part of key stocks being tracked by investors amid market volatility. Movement in financial stocks continues to influence overall market direction.
Volatility in Indian markets has increased significantly, with investors shifting towards safer assets amid uncertainty. The ongoing geopolitical situation has led to nervousness across global markets.
Indian stock markets opened sharply lower today, with the Sensex falling over 800 points and the Nifty slipping below the 23,100 level. The decline was driven by rising geopolitical tensions between the US and Iran, which impacted global sentiment.
Crude oil prices have surged again due to supply concerns linked to Middle East tensions. This rise is adding pressure on global and Indian equity markets.
UBS on Pharma
Generic GLP-1 likely a highly competitive market; assume sector coverage
Sun Pharma – (Buy) – Looks well-positioned, with innovative medicines and a robust pipeline to support earnings
Cipla – (Neutral) – To face near-term lanreotide supply disruptions, but product launches from late FY27E are healthy
NIFTY OUTLOOK: 223306.45 FII -1805.37 cr DII 5429.78 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as diminishing selling pressure and interruption to present bearish trend help the bulls to take the nifty rally upto 23465.35.
IPO dreams sold at the top: Physicswalla 50% down. Olaelectric 85% down. Firstcry 71% down. Swiggy 52% down. Meesho 43% down & many 100+ IPOs now in huge down.
The National Stock Exchange (NSE) is expected to launch its long-awaited IPO, which has been in discussion for several years. The listing is likely to generate significant investor interest.
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