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On the technical charts, the RSI of the stock stood at 71.67.

“We might end up with a single digit earnings growth in FY23 and for FY24 we are currently building in 13-14% earnings growth. FY23 is more like a consolidation year for earnings. After a very strong run up in the last two years, from next year we should be back to a double digit earnings growth. ”

IndusInd Bank Ltd. 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

Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 225927.51 Crore) operating in IT Software sector.

The proportion of unhedged foreign loans has built up as companies were lulled into complacency about their dollar exposure by RBI’s intervention, which ensured the rupee was less volatile than its emerging-market peers. In recent months however, stock outflows and broad dollar strength has seen the currency’s losses accelerate and sent it to a series of record lows.

The partially convertible rupee was fetching 80.01/02 per dollar by 0337 GMT, compared with its close of 79.99 on Wednesday and near its record low of 80.0650 touched on Tuesday.

Stocks in focus included names like GE Shipping, which closed with gains of over 2 per cent, and is trading near its 52-week high, Vedanta, which rose more than 6 per cent, and Wipro, which added over 1 per cent ahead of results due after market hours on Wednesday.

The market rally in July has made HDFC MF’s Prashant Jain the first fund manager in India to oversee Rs 1-lakh-crore equity assets.

Shares of Hindustan Foods, Ontic Finserve, Rajnish Wellness and Shanti Educational Initiatives will go ex-split today. Hindustan Foods and Rajnish Wellness had announced the splitting of shares into face value of Re 2 from the face value of Rs 10 while Ontic Finserve and Shanti Educational Initiatives had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.

"It is heartening to see that Indian domestic investors are finally rising to the idea of equity allocations. This is evident by the fact that as of March 2022, 4.8% of the total Indian household assets were invested in equities, up from 2.7% in 2020. However, India still has a long way to go compared to the ~25% levels in the US. As the Indian domestic investors get more educated and experienced with the equity markets, we hope to continue seeing increased allocations for equity as an asset class."