Wipro shares surged 5% following strong third-quarter earnings, which saw a 24% YoY increase in net profit and a marginal rise in revenue. Investor sentiment was buoyed by robust deal momentum, including $3.5 billion in contracts. Technical indicators suggest a bullish trend, with Wipro benefiting from global tech rallies and sectoral optimism.
Sebi set to launch new UPI mechanism for MFs, brokers
SEBI introduces a new UPI handle, @valid, for registered intermediaries like brokers and mutual funds, starting October 1st, to enhance transaction security. This initiative aims