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The beginning of the year was particularly tough for Indian equity large-cap managers, with 87.5% funds in the category underperforming in H1 2022

Saregama is currently the second-largest music label in India and is expected to further cement its position driven by a sharp increase in its share in new content investments, said the brokerage.

"The world economy has entered into a time of heightened uncertainty and rising challenges, amid ongoing high inflation levels, monetary tightening by major central banks, high sovereign debt levels in many regions as well as ongoing supply issues," OPEC said in the report.

In April, Mirae Asset launched m.Stock, a platform for trading and investment in capital markets

Analysts said the overall structure shows that the index is likely to witness consolidation and short-term buying in the range of 17,000-17,300. “Now it has to hold above 17071 zones for an up move towards 17,250 and 17,333 zones whereas supports are placed at 16,950 and 16,888 zones,” said Chandan Taparia of Motilal Oswal.

“The overall HCL Tech revenue guidance has also increased from 12% to 13.5-14.5%, whereas services guidance has also improved and stands at 16% to 17% which also shows the management confidence in the services pipelines that they have. The good news is year ending services and the IT services both have improved more than 5% for the quarter which is a good result according to me. ”

“Geography wise, growth is coming in from the Europe side compared to America, Europe growth is higher than growth from America whereas everyone is feeling that Europe and UK is slowing down but this is not visible in HCL’s numbers. Even within verticals, manufacturing growth is coming at 10% quarter-on-quarter which is really commendable because overall there is a slowdown in manufacturing.”

The board confirmed the record date as October 20 for the purpose of determining shareholders’ eligibility for the dividend

The Nifty IT index closed 0.82 per cent up at 27694.65.

“Our strong performance in the quarter is further proof that our strategy is yielding the intended results. The solid growth in our bookings, large deal signings, and revenues underscores our improved market competitiveness and enhanced value proposition," Wipro CEO and MD Thierry Delaporte said.