Top 5 Stocks Of The Day: Biggest gainers on the Nifty includes Infosys, ONGC, Tech Mahindra, LTIMindtree and TCS, while losers are Cipla, Apollo Hospitals, Power Grid Corporation, UltraTech Cement and Bajaj Finserv. With the exception of the auto, power, and healthcare sectors, all other sectoral indices ended the day higher. The IT index increased by 5%, while the real estate and oil and gas indices each saw a 2% increase.
Sensex and NSE Nifty50
At close, the Sensex was up 847.27 points or 1.18 percent at 72,568.45, and the Nifty was up 247.30 points or 1.14 percent at 21,894.50. A little over 1940 shares rose, 1323 shares fell, and 67 shares remained unchanged. On January 12, benchmark indices closed at all-time highs and continued their winning run for a fourth session in a row, with information technology stocks driving the Nifty to approximately 21,900.
Top 5 Stocks Of The Day
| Name of companies | Change | Volume |
| Infosys | 8.08 | 2,67,54,401 |
| ONGC | 5.74 | 3,92,28,118 |
| Tech Mahindra | 4.69 | 50,23,455 |
| HCLTech | 4.65 | 58,62,043 |
| LTIMindtree | 4.63 | 8,99,942 |
IT major Wipro Ltd is likely to fall 4 percent
Analysts predict that Wipro Ltd, a major player in the IT industry, will see a 4% quarter-over-quarter (QoQ) decline in revenue for the third quarter of the current financial year due to higher than usual furloughs, particularly in the banking, financial services, and insurance (BFSI) and hi-tech verticals. This is anticipated to keep net profit muted in Q3 FY24, along with weak discretionary demand and cross-currency tailwinds. On January 12, 2024, the company is supposed to release its October–December results. Five brokerages’ average estimate states that revenue will drop by 4% on a quarter-over-quarter basis to Rs 22,408 crore. In terms of revenue growth for the quarter, this would be worse than the extreme end of the management guidance band, which is between -1.5 and -3.5 percent.
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