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Indian equities closed lower amid weekly expiry volatility, with support seen at 23,450-23,100 and resistance at 24,400. Global markets showed mixed signals, with US stocks inching higher on ceasefire hopes. The Indian rupee strengthened, while Brent crude prices dipped.
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US stocks closed at fresh record highs for a second straight session, with the S&P 500 and Nasdaq gaining modestly as investors reacted to easing Middle East tensions after a temporary Israel-Lebanon ceasefire and hopes of US-Iran talks. Sentiment was supported by steady labor data, though trading remained choppy.
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Wipro’s March quarter results missed expectations, with weak revenue growth, declining profit, and soft guidance. Jefferies highlighted slowing deal momentum, weakness in BFSI and healthcare, and client-specific declines, raising concerns over near-term growth despite stable margins and a buyback announcement.
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US stocks have rebounded to record highs after the Iran war-driven selloff, with momentum indicators suggesting further upside. Hedge fund buying, bullish options positioning, and volatility-linked inflows are supporting the rally. Historical data shows the S&P 500 often extends gains after recovering from 5–10% pullbacks, reinforcing bullish sentiment.
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Madison Air Solutions debuted on Thursday with an 18.5% stock surge, reaching a $15.65 billion valuation. The HVAC firm’s successful IPO, the largest in the U.S. this year, highlights strong investor interest in AI-driven data center growth. The company, which provides air quality solutions for various sectors including data centers, raised $2.23 billion in its...
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Institutional investors increased stakes across major NSE large-cap stocks in March 2026, signaling confidence in fundamentals and future growth. Companies like Adani Power, Axis Bank, NTPC, and Coal India saw modest rises, supporting improved governance, liquidity, and price stability trends.
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Wall Street’s main indexes retreated after hitting intraday record highs as investors weighed Middle East developments and a fresh wave of earnings. Optimism over potential diplomacy with Iran supported sentiment, but analysts warned the rally remains largely sentiment-driven without strong economic backing.
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Wipro’s revenue declined for the third consecutive year, though the drop moderated in FY26. Large deal wins offer hope for future growth. However, the June quarter is expected to be flat or see a revenue drop. Profitability was impacted by client issues and salary hikes. The company is cautiously approaching campus hiring as attrition rates...
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Sensex and Nifty ended lower in a volatile session as profit booking in banking stocks erased early gains. Despite easing volatility and supportive global cues, caution persists due to geopolitical uncertainties, while technical indicators suggest a bullish trend with near-term consolidation likely.
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The U.S. Securities and ​Exchange Commission ​said on Thursday it is seeking ​public comment on whether it should comprehensively review the so-called Consolidated Audit Trail (CAT), potentially re-opening ‌a ⁠decade-long dispute ⁠over the trading database.
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