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Wipro is expected to report a 12% YoY rise in Q3 PAT, but constant currency revenue may decline by 1% QoQ due to softness in communications and manufacturing, and furlough impacts. Analysts project a revenue growth guidance of -1% to +1% CC QoQ for Q4 FY25.

Infosys ADRs: Infosys ADRs dropped 6.3%, despite reporting higher than estimated profit and revenue. The company revised its revenue guidance upwards to 4.5%-5% for the current fiscal year, with an 11% YoY growth in net profit and 8% rise in revenue.

Jio Platforms Ltd reported a 25.95% rise in net profit for the third quarter, driven by tariff hikes, new subscriber additions, and strong data usage growth. The full impact of the price hikes is expected to be realized by Q4 FY25 and Q1 FY26. Consolidated net profit increased to Rs 6861 crore from Rs 5447 crore in the previous year.

The benchmark S&P 500 opened slightly higher on Thursday following strong gains in the previous session, as investors assessed softer-than-expected retail sales data and a set of strong bank earnings.

Infosys reported better-than-expected revenue and net profit growth for Q4 2024, increased its FY25 revenue guidance, and plans to hire more freshers. The steady recovery in discretionary spending, rising deal flow, and AI platform development are expected to drive sustained business momentum.

Reliance Retail Q3 Results: The Q3FY25 revenue from operations stood at Rs 79,595 crore, reflecting a 7% rise from Rs 74,373 crore posted in the corresponding quarter of the previous financial year.

Banking and auto stock rallies led indices higher for the second consecutive session on Thursday. Sensex gained 318.74 points to close at 77,042.82, while Nifty rose 98.60 points to settle at 23,311.80.

UBS predicts that the Budget’s focus on fiscal discipline may dampen market sentiment, particularly if FY26 capital expenditure remains unchanged at Rs 11 trillion, similar to FY25. This could negatively impact infrastructure-heavy sectors like Larsen & Toubro and core infrastructure firms, as their reliance on domestic orders, coupled with limited overseas opportunities, makes subdued public capex a potential challenge for growth.