Market Trading Guide: Wipro among 5 stock recommendations for Thursday
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Wipro is among five stock recommendations for Thursday as Indian equities faced pressure from rising crude prices and foreign selling.
- ✓Analysts noted that IT stocks showed resilience despite broader market volatility.
- ✓Sachin Gupta said, "Wipro has given a bullish breakout from a descending channel pattern on the daily chart."
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Indian equities gave up strong early gains as elevated crude prices and continued FII selling overshadowed optimism surrounding India-US trade negotiations. Profit-booking intensified across autos, financials, metals and realty, reflecting concerns over inflation and margin pressures, while IT showed relative resilience amid improving earnings visibility and renewed investor appetite for the sector. Analysts say resilient Q2 earnings and robust domestic institutional flows remain important market supports, but weak breadth and persistent foreign selling point to continued caution.
Here are 5 stock recommendations for Thursday:
Stop loss: Rs 180
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The Economic Times
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