Benchmark Indices Traded Flat; Wipro Q4 PAT Soars 26% YoY at ₹3,570 Crore
The Indian benchmark indices traded flat on Wednesday, April 16 amid weak global cues and alarming US-China trade tensions.
Benchmark Indices Traded Flat; Wipro Q4 PAT Soars 26% YoY at ₹3,570 Crore
The Indian benchmark indices traded flat on Wednesday, April 16 amid weak global cues and alarming US-China trade tensions. Both Sensex and Nifty gained up by 4% in the past two sessions where Sensex recovered previous losses.
Shares of Maruti, Sun Pharma, NTPC, Tata Steel, Reliance, and Infosys emerged among the top losers, while IndusInd Bank, Axis Bank, State Bank of India, and Kotak Mahindra Bank ended in green.
Wipro reported its Q4 numbers today. While Net profit surged by 19% on sequential basis, gross revenue for FY25 touched ₹89,090 crore, down 0.7% YoY. Meanwhile, net income soared by 19% YoY to ₹13,140 crore. PAT during Q4 went up by 26% YoY to ₹3,570 crore.
On the Asian market front, Hang Seng futures and Japan’s Topix fell by 0.1% and 0.3% respectively. S&P 500 futures went down by 0.9%. Gold futures surged to ₹94,919/10g on MCX, up 1.6%, on the back of strong buying activity and rising geopolitical tensions.
