Stock Market Today: The GIFT Nifty has lost 36.5 points, indicating a poor start for the Indian market as a whole. Around 23,312.50 was the trading level for the Nifty futures. After a dramatic increase last week, domestic benchmark equity indices closed flat yesterday as investors turned their attention from election-related news to impending inflation data and the US Federal Reserve’s policy decision later in the week. While the S&P BSE Sensex fell 0.04% to 76,456, the NSE Nifty 50 index ended the day 0.02% higher at 23,265. As investors awaited the release of the Federal Reserve’s updated interest rate predictions later in the day and important U.S. inflation data, the dollar steadied on Wednesday after hitting a four-week high against other major currencies overnight.
Stock Market Today: Stocks in focus
Wipro
Wipro Limited, an Indian multinational organisation, offers information technology, consulting, and business process services. The term “Wipro” is an abbreviation for its previous name, the Western Indian Palm Refinery Oil, which is stylized in lowercase. It is among the top Big Tech businesses. The goal of Wipro’s Lab45 Artificial Intelligence (AI) Platform is to revolutionise company operations and boost efficiency.
TCS
With its headquarters located in Mumbai, Tata Consultancy Services Limited is a multinational Indian provider of information technology services and consulting. It is a member of the Tata Group and has operations in 46 countries and 150 locations. To spur client innovation, TCS opened a new IoT engineering lab in Ohio.
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