India’s BSE Sensex rose about 0.2% to 78,135 on Friday, rebounding from the previous session’s losses. The advance was underpinned by broader market optimism around a potential peace agreement to end the Iran conflict, though gains were capped by weakness in information technology stocks following Wipro’s muted outlook.
Wipro shares slipped 3% in early trade after the company reported a Q4 revenue miss and issued a soft near-term forecast. Brokerages were split in their assessments, with some flagging concerns over slowing demand, while others pointed to Wipro’s ₹15,000 crore share buyback as a factor that could help limit downside risks.
Most sectors traded in positive territory, with the notable exceptions of technology, non-energy minerals, health technology, and communications, which remained under pressure.
Among the early outperformers were Waaree Renewable Technologies (+12.5%), Ola Electric (+5.6%), Godfrey (+4.5%), and Gujarat Petronet (+8.1%). On the downside, notable laggards included Gallant (-2.8%), Gujarat Mineral (-3.2%), ICICI Bank (-0.7%), and HDFC Life Insurance (-3.6%).
The benchmark index is on track for a second straight weekly gain, up 0.8% so far this week.
