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“I do not know about carnage but I have been saying for quite some time for the past few months that overall valuations in the largecap space are far more attractive than the middle and smallcap space. A valuation froth had been building up in the small and midcap space which is getting corrected.”

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that gold eased back from a recent high as market reaction to Russia-Ukraine tensions subsided given the western reaction to Russia’s troop movement was not seen much.

The partnership is expected to add to Wipro’s FullStride Cloud Services’ portfolio of digital transformation solutions and help advance its commitment to accelerating cloud innovation for clients, the company said.

Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.

Midcaps such as Adani Power, Crompton, JSW Energy, Union Bank and Ruchi Soya jumped up to 4 per cent. Select smallcaps rose up to 11 per cent.

In the first phase, charging stations will be set up across nine cities starting with Delhi and Bengaluru. The network will be then expanded across the country with the aim to establish a high density of charging stations, reports said.

A total of 18,991 shares changed hands on the counter till 10:40AM (IST)

The Nifty Realty index was trading 2.12 per cent up at 439.1.

Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 309856.94 Crore) operating in IT Software sector.

The firm reported a 28 per cent decline in net profit to Rs 80 crore for the quarter under review. It had posted a net profit of Rs 112 crore in the corresponding period of the previous year.