Share market: Adani twins, Wipro and Apollo hospitals are top index gainers

The Sensex and Nifty 50 opened with minor gains today. Adani twins, Wipro, and Apollo hospitals are the top index gainers.

New Delhi: The benchmarks for Indian equity, the BSE Sensex and the NSE Nifty 50, opened with minor gains on the first day of the May F&O series. Financial shares traded in the red, while IT shares traded in the green. Axis Bank, Tech Mahindra, and Wipro shared their quarterly numbers on Thursday.

PI Industries’ shares are up more than eight per cent following acquisitions that helped the company foray into the pharma space.

Wipro railed more than 3 per cent on Friday after the company’s board announced a Rs 12,000 crore share buyback in its March quarter results, which was the biggest in terms of buyback share in size.

The index is trading marginally lower from its previous close of 17,907.6. Adani twins, Wipro, and Apollo hospitals are the top index gainers, up 2.7 to 3.6 per cent.

On the other hand, Axis Bank, Bajaj Finserv, and Hindustan Unilever, down 1.8 per cent to 2.7 per cent, are the top index losers.

The RVNL shares are up five per cent. The shares have gained in six out of the last seven grading sessions. The shares have gained over 64 per cent in one month.

The shares of Axis Bank were trading lower today after the private sector lender reported a loss of Rs 5,728.42 crore in the March quarter on account of the acquisition of Citibank India’s consumer business.

Bajaj Auto is trading 0.4 per cent higher at a 52-week high.

Shares of midcap IT company Mphasis climbed nearly three per cent in early morning trade on Friday, even as the company’s revenue declined for the second consecutive quarter due to weakness in banking, tech media, and telecom segments.

Raymond Ltd. shares plunged 6 per cent on Friday at 12:45 p.m. to Rs 1,612, while those of Godrej Consumer Products Ltd. dropped 5 per cent after the two companies announced a deal for Raymond’s FMCG business.

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