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Wipro buyback closing date moved to Friday, June 30

Updated at : 2023-06-28 10:20:01

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The decision to change the closing date is in view of the shift in the working day from Thursday, June 29 to Wednesday, June 28, the company said in its filing to the exchanges.​​

Equity benchmarks rebounded on Tuesday, with HDFC twins leading the rally. The BSE Sensex surged 446 points to close at 63,416, while the Nifty gained 126 points to reach 18,817. AB Capital, Sapphire Foods, and HDFC Bank were in focus, with recommendations from Viral Chheda of SSJ Finance & Securities. Chheda advises buying AB Capital, stating that the stock is moving above major averages and the Stochastics Oscillator is in an upward trend. He also suggests buying Sapphire Foods and HDFC Bank, citing positive price movements, increasing volumes, and upward trends in the Stochastics Oscillator.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

In our view, markets are looking reasonably attractive at this point. A combination of time correction through last year (CY2022) and earnings growing higher than the historic trend resulted in equity market valuations look reasonable.

​It is not about edtech I think you are going to see this across and the fact that everyone was pushing to become unicorn or decacorn or whatever, in a market where it is very hard to generate revenue.

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On June 28, 2023, L&T Finance Holdings (L&TFH) and Manappuram Finance stocks were placed under the F&O ban. However, they were still available for trading in the cash market. The ban is imposed when the open interest on a stock exceeds 95% of the market-wide position limits, and is lifted when the open interest falls below 80%. These bans do not affect traders who trade in indices. The stocks were banned due to their high open interest, with L&TFH experiencing a significant increase from the previous session.

​As of now there is activity in Sensex. So yesterday I think liquidity and activity will start in Bankex that is the BSE Banking Index Future and Option segment.

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From the Sensex pack, Tata Motors, SBI, Bajaj Finance, Bajaj Finserv, Infosys, Titan, and ITC opened with gains, while Power Grid, Kotak Mahindra Bank, Axis Bank, Tech Mahindra, NPTC and HCL Tech opened in the red.

The stocks of HDFC and HDFC Bank, which previously underperformed due to uncertainties regarding their merger, are now gaining attention as management expresses their desire for the deal to be effective from July 1. Technical analysts have set targets of Rs 2,000 for HDFC Bank and Rs 3,000 for HDFC. The merger is expected to be finalized on June 30, with the record date to be announced later. Following the announcement, both stocks experienced an increase of around 1.5%.

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