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Among Sensex stocks, Tata Steel, IndusInd Bank, JSW Steel, L&T, Asian Paints, Bajaj Finance, and Titan opened with gains, while only Power Grid, Sun Pharma, Bharti Airtel, and Kotak Bank opened with losses. Shares of online food delivery aggregator Zomato opened 10% higher and hit a new 52-week high after the food delivery platform turned profitable with Rs 2 crore-PAT in Q1 FY24.

"Our sense is that the markets might just settle down after the big correction that we have probably seen and a typical sectoral rotation will be at play. We have already seen pharma starting to hog the limelight. More defensives will probably come up in terms of the sectoral rotation as we consolidate over the next few days."

Wipro CEO Thierry Delaporte took home a remuneration of $10 million or Rs 82.2 crore during FY23. Delaporte is also the highest-paid CEO among his IT peers in FY23. During FY23, the shares of Wipro fell nearly 38%, while it saw its PAT dip by 7% during the same period.

The telecom major recorded its highest-ever post-paid subscriber gains. There is substantial growth seen in the home broadband and Airtel enterprise businesses.

After shedding 4% in the March quarter and testing the lowest level since September 2022, the benchmark Nifty50 rebounded sharply and surged more than 10% in the June quarter. In fact, from the March lows, the index is up about 19%, thanks to the continued inflows from FPIs.

Adani Ports & Special Economic Zone, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 167054.35 Crore) operating in Shipping sector.

"In the near term, my personal view was that the market should remain fine till September. Market moved up from 16,800 to 20,000, a 3200-point move. In October-November, if we get a deeper correction and if the markets give up around 1,000 points of gains, then we could be looking to start buying in terms of fresh allocations."

The food delivery platform reported a consolidated net profit of Rs 2 crore for the quarter ended June 2023 against a loss of Rs 186 crore in the corresponding quarter of the last financial year. The company reported a loss of Rs 189 crore in the quarter ended March.

​The domestic flows have been very, very sticky and growing as well so to that extent, no issues on the flows. Yes, there will be ups and downs in between but overall, I think India seems to be getting reasonable attention from everywhere.

Promoters held 61.98 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.35 per cent, DIIs 15.5 per cent.