Wipros fourth quarter performance, weak on key parameters, resonates the sector wide slack amid delayed ramp ups of large, multi-year transformational projects.

Indian markets ended higher on Wednesday, led by financial stocks, amid strong domestic fundamentals like low inflation and FII inflows, despite global tariff tensions and weak Q4 earnings expectations. Analysts foresee potential rate cuts supporting further momentum.

After Sebi barred Gensol Engineering for fund misuse, Vijay Kedia warned of more such companies hiding in plain sight. He outlined 10 red flags investors must watch to avoid potential scams in listed firms.

Anmol Singh Jaggi and Puneet Singh Jaggi, promoters of Gensol Engineering, have resigned. This follows a Sebi order that barred them from the securities market. Sebi found financial misconduct, including misuse of funds. Loans meant for EVs were diverted for personal expenses. Gensol will cooperate with a forensic audit.

Indian markets extended gains for the third straight session on Wednesday, supported by BFSI and FMCG stocks. Nifty closed above 23,400, while Sensex added over 300 points amid positive technical cues.

Promoters raised shareholding in five Nifty 500 stocks during Q4 FY25, signaling stronger confidence in their firms' future prospects and aligning their interests with retail investors.

Paytm's CEO, Vijay Shekhar Sharma, has relinquished 21 million employee stock options following regulatory scrutiny. SEBI had issued show-cause notices regarding the grant of these ESOPs, citing violations of rules concerning share-based employee benefits. The regulator determined that Sharma's initial stake violated regulations, leading to the transfer of shares to become eligible.

Wipro ADRs fell 7% despite a 26% YoY jump in Q4FY25 net profit to Rs 3,570 crore. Weak Nasdaq cues and flat revenue growth tempered investor sentiment.

Gold price today spiked again. Bullion experts have predicted that rates will further go up.

DWF Labs, an Abu Dhabi-based crypto investor and trading firm, said on Wednesday it had bought $25 million worth of digital tokens issued by the World Liberty Financial, the crypto venture controlled by the family of U.S. President Donald Trump.

Oil prices rose around 1% on Wednesday, as the market drew some strength from the possibility of trade talks between China and the United States and a report that Iraq will cut oil production in April.

Wall Street fell on Wednesday, with the Nasdaq leading declines after Nvidia flagged steep charges from new U.S. controls on chip exports to China, the latest flashpoint in an escalating global trade war.

Gold prices soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams in the national capital on Wednesday amid a global rush for safe-haven buying triggered by an escalated trade war between the US and China.

Gold prices hit a record Rs 94,489 per 10 gm, dampening consumer sentiment during the wedding season. Sales dropped 3040% as buyers delay purchases. Driven by geopolitical tensions and tariff concerns, investors are turning to gold for portfolio diversification and inflation hedging.

The global investment in green bonds for educational institutions has reached USD 15 billion, says a study. Green initiatives are driving institutional transformation to bring sustainability in education, the study by education company MSM Unify stated.

gold price 2025: Domestic gold prices have jumped Rs 18,000 per 10 grams in 2025, mirroring global gains. Trade tensions, a weak dollar, ETF inflows, and rate cut hopes are fueling the rally.

The dollar resumed its descent on Wednesday, dropping across the board and losing the most ground to the Swiss franc and the euro as a new bout of tariff-induced nerves gripped markets.

Nasdaq futures led declines on Wednesday and AI-chip heavyweight Nvidia slumped after it flagged steep charges from new U.S. curbs on semiconductor exports to China, the latest flashpoint in trade tensions between the world's two largest economies.

Six BSE commodity stocks, including NACL Industries and Paradeep Phosphates, hit 52-week highs on Wednesday as the Sensex rallied, reflecting strong investor sentiment and sharp monthly gains.

Markets extended gains for the third straight session on Wednesday. The Sensex rose over 300 points and Nifty50 ended above 23,400 amid sectoral support from FMCG, energy, and PSU banks.

The Nifty Realty index closed 0.72 per cent up at 840.8.

Wipro's Q4FY25 net profit rose 26% YoY to Rs 3,570 crore, surpassing estimates. Revenue increased by 1% YoY to Rs 22,504 crore. The company reported strong deal bookings, a stable operating margin, and provided cautious revenue guidance for the upcoming quarter amid macroeconomic uncertainty.

The Nifty IT index closed 0.06 per cent up at 33295.5.

Nvidia faced a $5.5 billion earnings hit and saw shares drop after new US export restrictions blocked shipments of its H20 AI chips to China. This move prompted CNBC's Jim Cramer to suggest trimming Nvidia from portfolios. The restrictions impact the companys major Chinese market, with analysts predicting further challenges.

The Indian rupee ended higher for a third straight session on Wednesday, as U.S. tariff concerns pressured the dollar and lifted safe havens like gold and the Swiss franc.

Indian indices closed higher, driven by strong financials and positive domestic factors. JBM Auto, NBCC, and IndusInd Bank surged, while EaseMyTrip, Gensol Engineering, and MGL saw declines.

The Nifty Auto index closed 0.43 per cent down at 21155.8.

Gensol Engineering shares have crashed 91% from their peak, trapping over 90 lakh retail investors. SEBIs interim order barred the company and its promoters from market access, citing fund diversion and corporate misgovernance. Investigations revealed misuse of EV loans for luxury real estate and personal expenses. SEBI has also suspended Gensols proposed stock split and ordered a forensic audit.

In the Nifty pack, 33 stocks closed in the green, while 17 stocks ended in the red.

Wipro's Q4 net profit surged 26% YoY to 3,570 crore, surpassing Street estimates, while revenue rose 1% to 22,504 crore. The board's 6 per share interim dividend, declared earlier, will be the final dividend for FY25. CEO Srini Pallia highlighted significant deal wins and improved client satisfaction.

The Nifty Pharma index closed 0.18 per cent down at 20874.3.

MCX gold futures: Gold June futures on MCX surged to an all-time high of Rs 95,435 per 10 grams, fueled by safe-haven demand, macroeconomic worries, tariff tensions, and a weakening U.S. dollar.

Wipro Q4 Results: IT major reported a net profit of Rs 3,570 crore for Q4 FY25, a 26% increase YoY, surpassing Street expectations. Revenue rose 1% YoY to Rs 22,504 crore, while IT services revenue saw a slight decline. The company secured significant deal wins and improved client satisfaction, focusing on margin expansion amid a softening revenue environment.

With market volatility and evolving investment trends, bonds have emerged as an attractive asset class for diversifying portfolios and maintaining growth. For Indian investors seeking stability, the bond market now offers compelling opportunities. Heres how.

Indian benchmark indices ended higher on Wednesday, overcoming a stuttering start, with financial stocks leading the advances, supported by strong domestic fundamentals, including foreign investor buying and a five-year low in domestic retail inflation, helping the market outperform regional peers.

India's five-year government bond is set to outperform the 10-year benchmark bond in the coming months as short-term debt will get a boost from further monetary policy easing, a rates strategist with Standard Chartered Bank said on Wednesday.

Nitin Raheja of Julius Baer suggests large-cap correction is near completion, with limited downside around 22,000 for Nifty. He favors a bottom-up approach, driven by results, and sees long-term value in infrastructure and cement. Raheja is cautious about sectors with rising competition and elevated multiples, such as paints and quick commerce, preferring financials and selective EMS plays.

Mirae Asset Mutual Fund, with Rs 1.86 lakh crore AUM as of March 2025, maintained top stock allocations in HDFC Bank, ICICI Bank, and Axis Bank, with selective portfolio adjustments.

Zerodha CEO Nithin Kamath stated he wouldnt launch a similar brokerage in todays saturated market. Instead, hed focus on niche offerings with fewer customers but stronger margins.

Mutual fund cash holdings rose to Rs 2.05 lakh crore in March. Major fund houses increased allocations, with PPFAS and Motilal Oswal holding the highest cash ratios in their portfolios.

The counsel appearing for the petitioners told the two-judge Supreme Court bench that several complaints were filed across the country over cryptocurrencies. The apex court noted that forming laws falls under the domain of policymakers

Mutual funds routinely add to or exit from stocks as part of active portfolio management.

In a conversation with ETNow, veteran investor Dipan Mehta emphasized that upcoming quarterly results and management commentary will be key in influencing investor sentiment in the near term.

India's market regulator is rethinking sustainability or ESG disclosures required of listed firms including its already delayed plans for companies to include supply chains in their reporting, its new chief Tuhin Kanta Pandey told Reuters.

Nippon India Nifty 500 Quality 50 Index Fund and Nippon India Nifty 500 Low Volatility 50 Index Fund will be benchmarked against the Nifty 500 Quality 50 TRI and Nifty 500 Low Volatility 50 TRI, respectively.