The headline equity benchmarks traded minor gains in early trade. The Nifty traded above the 24,450 mark. Barring the Pharma index, all the other sectoral indices on the NSE were traded in green. At 09:27 IST, the barometer index, the S&P BSE Sensex rose 126.71 points or 0.15% to 80,972.46. The Nifty 50 index added 39.55 points or 0.16% to 24,496.70. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.33% and the S&P BSE Small-Cap index rallied 0.36%. The market breadth was strong. On the BSE, 2,109 shares rose and 808 shares fell. A total of 103 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 3,664.67 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 250.99 crore in the Indian equity market on 3 December 2024, provisional data showed. Stocks in Spotlight: Wipro rose 0.31%. The company announced partnership with Netskope, a secure access service edge (SASE) leader, to provide cybersecurity optimization advisory services to global enterprises. Oil & Natural Gas Corporation (ONGC) added 0.97%. The company has invested Rs 10,000 crore in its subsidiary, ONGC Petro Additions (OpaL) via right issue. Aditya Birla Capital shed 0.33%. The company invested Rs 300 crore in its subsidiary, Aditya Birla Housing Finance (ABHF), on a right basis. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.70% to 6.824 as compared with previous close 6.710. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.6775, compared with its close of 84.6825 during the previous trading session. MCX Gold futures for 5 February 2024 settlement was flat to Rs 75,966. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 106.49. The United States 10-year bond yield rose 0.12% to 4.228. In the commodities market, Brent crude for January 2024 settlement gained 06 cents or 0.08% to $73.68 a barrel. Global Markets: The Dow Jones index futures were up 107 points, signaling a positive opening for U.S. stocks today. Asian stocks were mixed on Wednesday following South Korean President Yoon Suk Yeol's surprising decision to impose martial law, a move that he reversed just hours later, unsettling global markets. The benchmark Kospi Index dropped as much as 2% in early Wednesday trading, reflecting the sharp decline in South Korea-related assets during overnight sessions. Yoon Suk Yeol's attempt to impose martial law on Wednesday was short-lived and met with significant resistance. Lawmakers defied security forces and voted against the declaration, while thousands of protesters took to the streets, expressing opposition to the unprecedented move. In the US, indices reached record highs on Tuesday, driven by gains in major technology stocks, though the pace of the rally appeared to be slowing due to growing uncertainty about the economic outlook. The S&P 500 edged up 0.1% to close at 6,049.88, while the NASDAQ Composite rose 0.4% to finish at 19,478.89. In contrast, the Dow Jones Industrial Average dipped 0.2% to 44,705.53. Technology stocks continued to benefit from optimism surrounding artificial intelligence, a sector expected to maintain robust momentum in the months ahead. Additionally, the prospect of lower interest rates provided further support for the tech-heavy market. Meanwhile, investors are eyeing this week's critical jobs data and Federal Reserve Chair Jerome Powell's upcoming remarks for potential signals on whether the Fed will consider cutting rates in December. Powered by Capital Market - Live

Wipro's CyberTransform Optimization Service, powered by Netskope, analyzes organizations' current cybersecurity and infrastructure investments, provides consolidation guidelines, and delivers cost-optimized methods resulting in improved business performance. Wipro's CyberTransform Optimization Service, powered by Netskope, leverages Wipro's proprietary Automated Regulatory Compliance (ArC), a content service that monitors industry-specific national and international regulatory amendments, and Netskope's Valueskope platform, a SaaS-based offering providing detailed financial analyses and tailored business cases. Saugat Sindhu, Global Head, Advisory Services, Cybersecurity and Risk Services, Wipro, said, ''Many organizations today face the challenge of managing application sprawl with distributed technologies in their cybersecurity operations, through this partnership with Netskope, we will be able to deliver tailored SASE business cases and comprehensive financial analyses, enabling our clients to optimize their cybersecurity spend and achieve superior performance outcomes. This collaboration underscores our commitment to driving innovation and value for our enterprise clients.' David Klippel, VP of Business Value Services, Netskope, said, 'Wipro CyberTransform SM Optimization Service, powered by Netskope, provides clients with a comprehensive view of SASE economic and productivity benefits for different network and security transformation scenarios, enabling them to make faster and better decisions to reach desired business outcomes, Netskope is pleased to extend its partnership with Wipro to enhance their Advisory and consulting service in optimizing cybersecurity and infrastructure cost and performance against strategic business outcomes.' Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The IT giant's consolidated net profit grew 6.85% to Rs 3,208.8 crore on 1.54% rise in revenue from operations to Rs 22,301.6 crore in Q2 FY25 over Q1 FY25. On year on year (YoY) basis, the IT firm's net profit grew 21.26% while revenue fell 0.95% in Q2 FY25. The scrip shed 0.21% to end at Rs 291.70 on the BSE on Tuesday, 3 December 2024.Powered by Capital Market - Live

Wipro announced a partnership with Netskope, a Secure Access Service Edge (SASE) leader, to provide global enterprises with an integrated service that optimizes and improves cybersecurity outcomes for people, processes, and technology investments. Wipro's CyberTransformSM Optimization Service, powered by Netskope, analyzes organizations' current cybersecurity and infrastructure investments, provides consolidation guidelines, and delivers cost-optimized methods resulting in improved business performance. Wipro's CyberTransformSM Optimization Service, powered by Netskope, leverages Wipro's proprietary Automated Regulatory Compliance (ArC), a content service that monitors industry-specific national and international regulatory amendments, and Netskope's Valueskope platform, a SaaS-based offering providing detailed financial analyses and tailored business cases.Powered by Capital Market - Live

Wipro has today announced the extension of its work with Marelli, a global leader in automotive solutions, for an additional four years. As part of this engagement, Wipro FullStride Cloud will migrate Marelli's Milan Data Centre and all their local server rooms to the Cloud to centralize their operations and provide a more agile and stable ecosystem. This transition to a more flexible and advanced cloud environment will empower Marelli to respond quickly to market changes, enable continuous innovation across their business, and strengthen their competitive edge. Ultimately, the project will help reduce the time-to-market for Marelli's products and services, creating long-term value for all stakeholders, continuing to advance Marelli's journey towards modernization and growth. The project will also enhance employee support services with AI-powered virtual assistants, providing vulnerability management services, and offer comprehensive application maintenance services to drive innovation, optimize costs, and reduce the need for future reworks through solutions designed for long-term efficiency. Overall, the modernization project is expected to deliver significant operational savings.Powered by Capital Market - Live

Wipro announced Omkar Nisal's appointment as the Chief Executive Officer, Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to CEO and MD Srini Pallia and will also join the Wipro Executive Board. Omkar succeeds Pierre Bruno, who is stepping down. Omkar will continue to be based in London. Omkar has been with Wipro since 2012, establishing himself as a trusted advisor to clients, and has built high-performing teams that work with clients across business sectors to deliver exceptional results. Among his many achievements over the years, Omkar successfully ran Wipro's Banking-EMEA business, working closely with large and niche financial institutions across UKI, Europe, the Middle East, and Africa. This included enabling them through their digital transformation with a significant focus on customer journey redesign, enterprise engineering, ways of working, and AI-led automation. He most recently served as the Senior Vice President and Managing Director of the UK and Ireland, managing a regional P&L of over a billion dollars. Powered by Capital Market - Live

In October, the IT major's board recommended issuing one bonus equity share for every equity share held (1:1). Additionally, they recommended a bonus issue of 1 American Depositary Share (ADS) for every 1 ADS held, as on the record date. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The IT giant's consolidated net profit grew 6.85% to Rs 3,208.8 crore on 1.54% rise in revenue from operations to Rs 22,301.6 crore in Q2 FY25 over Q1 FY25. On year on year (YoY) basis, the IT firm's net profit grew 21.26% while revenue fell 0.95% in Q2 FY25. For the quarter ending 31 December 2024, Wipro expects revenue from its IT Services business segment to be in the range of $2,607 million to $2,660 million. This translates to sequential guidance of -2% to 0% in constant currency terms. Powered by Capital Market - Live

Wipro has fixed 03 December 2024 as record date for purpose of determining the equity shareholders of the Company eligible for bonus equity shares (including Stock Dividend on ADS) of the Company. Powered by Capital Market - Live

Wipro has allotted 1,42,688 equity shares under ADS Restricted Stock Unit Plan 2004 and 1,97,219 equity shares under the Restricted Stock Unit Plan 2007 on 21 November 2024, pursuant to exercise of ESOPs.Powered by Capital Market - Live

Wipro and Lineaje, today announced a collaboration to help enterprises secure the open-source components within their software applications. Recently, Wipro's corporate investment arm - Wipro Ventures - invested in Lineaje, a US based software supply chain security company. Wipro will leverage Lineaje's Open-Source Manager and SBOM360 Hub to empower enterprises with a comprehensive service to continuously identify and neutralize critical open-source vulnerabilities within software they source, build, and use. This offering is built upon Lineaje's advanced capabilities to meticulously analyze software components, expose each component's known and hidden dependencies, and assess the vulnerabilities and risks within each component. This granular visibility allows for the verification of the entire supply chain's authenticity, proactive elimination of vulnerabilities at their source, and detection and remediation of potential compromises in the software supply chain. 'Supply chain attacks often target services from third-party vendors and open-source software inside a company's technology stack. Bringing together Lineaje's AI-driven capabilities and Wipro's deep understanding of risk and compliance landscape, we reaffirm our commitment to secure the modern enterprise and the lifecycle of modern software development,' said Nikos Anerousis, Vice President, Engineering Edge, Wipro. Powered by Capital Market - Live

Wipro has worked with FORVIA (FRVIA), the world's seventh-largest automotive technology supplier, for the optimization of FORVIA's Advanced Driver Assistance Systems (ADAS) application set. FORVIA used Wipro Engineering Edge's Cloud Car's building blocks, namely Microservices and vehicle container architecture components, to enhance its vehicle safety and comfort applications. FORVIA's ADAS applications are now mostly independent of hardware, lower in maintenance costs, and continuously integrated into Original Equipment Manufacturers'(OEM) value chains thanks to the underlying cloud native architecture. The project notably involved FORVIA's innovative surround-view technology which combines exterior camera views into an immersive 3D perspective that helps drivers park their vehicles safely and easily. All functions of FORVIA's ADAS applications set have now been brought into a loosely connected, service-oriented microservice architecture. This update led to significantly lower software development lifecycle (SDLC) costs and FORVIA can now market its ADAS features and functions separately as well as combine them easily with ADAS functions from a customer or 3rd party.Powered by Capital Market - Live