Wipro Ltd Quarterly Results

HDFC Life Insurance, Jio Financial Services, Nestle India, Tech Mahindra, Wipro, HDFC AMC will announce Q2FY27 results today.

Overall, analysts expect Wipro to post nearly 8 per cent year-on-year (YoY) rise in revenue during the quarter under review, along with single-digit growth in earnings before interest and taxes.

In the past four trading days, Nifty IT index outperformed the market by gaining 5.6% as against a 1.2% rise in the Nifty 50.

IT stocks: All index constituents traded in the green, buoying the 10-stock Nifty IT 3.13 per cent to 28,604 during the intraday session.

IT shares: Analysts expect IT companies to witness moderate improvement in Q2FY27, as macro headwinds from the Middle East conflict continue to weigh on client spending and decision-making.

IT services firms are targeting GCCs for scale, steady revenue and domain expertise as weak organic growth and AI put pressure on traditional contracts

The Nifty IT index advanced 2.1 per cent during intra-day deals, with nine out of ten constituent stocks of the index trading in the green.

Going ahead, analysts suggest investors stick to domestic economy-focused sectors as the geopolitical situation still warrants caution.

Macquarie recently initiated coverage on BSE shares with an 'outperform' tag. BSE ranks above NSE in the global brokerage's pecking order for capital market stocks.

The sell-off was driven by high US bond yields, a strong dollar, FPI outflows, crude oil concerns and weakening domestic growth signals.