Ajit Mishra, VP – Research, Religare Broking, said that participants should align their positions and look for buying opportunities on dips. All the sectors are contributing to the move. “We believe the focus should still be on the top performers rather than expecting a turnaround in the beaten-down names,” he added. “We reiterate our preference for auto, FMCG, banking and financials and remain selective in others.”
Wipro promoter entities swap 1.72% stake worth Rs 4,675 crore
Around 18.05 crore Wipro shares, representing a 1.72 per cent stake, were transacted among promoter group entities via open market deals. Azim Premji Trust sold