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«There is no doubt again some amount of tightness in the market in terms of employability in IT, but you have to keep in mind the statement like Mr Sundar Pichai's that says that 25% of the coding is now being done by the AI that they have developed,» says Anand Tandon, Independent Analyst Let us begin by discussing the IT pack itself. This morning, HSBC was talking about how there is an expectation of a recovery in terms of spends going forward. What is your take? Is this a sector which can provide that outperformance or is it going to be that 8% to 15% kind of growth and one is not sure whether they want to pay a multiple of 30 times for that? Anand Tandon: If they deliver 15% growth, it will be fantastic. Most companies are still looking at single digit, maybe just about double-digit kind of growth numbers, and there is nothing that I see on the horizon which predicts that there will be a sharp increase. The IT outlook in the US may have improved, but it is not necessarily for IT services business as such.

SME IPO of Purple United Sales will open for subscription today and will close on December 13. The company aims to raise Rs 33 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth. Brent crude futures gained 10 cents, or 0.14%, to $72.29 a barrel by 0131 GMT, while U.S. West Texas Intermediate crude futures rose 9 cents, or 0.13%, to $68.68.

buying and selling in select heavyweight stocks. Stocks that were in focus include names like Greaves Cotton, which rose 18% and Mishtann Foods, which fell 9% and BEL, whose shares jumped 0.064% on Tuesday.

Vishal Mega Mart, which is a leading supermarket chain operator, will launch its Rs 8,000 crore IPO today. The issue, which is entirely an OFS of 102 crore shares, will be available for bidding till December 13. Since the IPO is entirely an OFS, the proceeds from the offer will go to the selling shareholders, in this case the promoter Samayat Services.

Securities and Exchange Board of India (Sebi) has expanded the list of stocks for the same day settlement in the equity cash market to the top 500 scrips by market capitalisation. In March, the regulator had introduced the beta version of T+0 (same day) settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers. To begin with, it was available only to non-custodian clients.

Nifty IT Index hit an all-time high on Tuesday after brokerage HSBC said that it expects growth to rise to 6-7% in FY26 — from 3-4% in the past two years — led by a recovery in the US market. The IT index gained 0.8% and closed at record levels while the benchmark Nifty closed marginally lower. LTI Mindtree and Mphasis gained 3% and 2.4% respectively. Persistent Systems, HCL Technologies, Wipro and Infosys advanced over 1% each. Out of the 10 stocks in the IT Index, 8 advanced while 2 declined on Tuesday.

Reserve Bank of India (RBI) governors have, in the past, acted according to the prevailing economic conditions and the monetary policy objectives in their first policy review. Y V Reddy and Duvvuri Subbarao had kept policy rates unchanged in their first policy review, while Urjit Patel and Shaktikanta Das had reduced rates in their first policy actions.

Sai Life Science (SLSL), a contract research, development and manufacturing organisation (CRDMO), is rolling out an IPO of ₹3,043 crore comprising a fresh issue of ₹950 crore and an offer for sale of ₹2,093 crore. The issue gives a partial exit to private equity investors TPG Asia and HBM. The promoter share will be diluted from 41.8% to 35.2%. The issue proceeds are going to be used for repayment of borrowings.

According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore.

Adani Enterprises, Varun Beverages, Tata Motors were among 10 stocks that created the biggest, fastest and most consistent wealth over the last five years, according to a Motilal Oswal report, which defines this lot as the all-round wealth creators. Motilal Oswal's annual study on the leading wealth creators in India found that about 10 stocks including Adani Enterprises, Adani Green, HAL, Varun Beverages, Adani Power, Trent, Tata Motors, CG Power and Siemens created the best all-round wealth for investors.

Sikko Industries Ltd.(up 3.38%), The Fertilisers and Chemicals Travancore Ltd.(up 2.62%), Chambal Fertilisers & Chemicals Ltd.(up 1.64%), Aries Agro Ltd.(up 1.38%), National Fertilizers Ltd.(up 1.33%), Krishana Phoschem Ltd.(up 1.31%), Southern Petrochemicals Industries Corporation Ltd.(up 1.20%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.99%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.86%) and Paradeep Phosphates Ltd.(up 0.81%) stood among the top gainers.

On the BSE, VCK Cap Market(down 20.00 per cent), Olympic Cards(down 18.75 per cent), Sancode Technologies(down 10.00 per cent), Rajdarshan Ind(down 9.99 per cent) and Rose Merc. Ltd.(down 9.96 per cent) stood among the top losers in today's trade.

MOIL Ltd.(up 3.59%), Ashapura Minechem Ltd.(up 1.60%), Gujarat Mineral Development Corporation Ltd.(up 1.23%), Aro Granite Industries Ltd.(up 1.22%), NMDC Ltd.(up 1.02%) and Coal India Ltd.(up 0.02%) stood among the top gainers.

Bajaj Consumer Care Ltd.(up 10.15%), Hatsun Agro Products Ltd.(up 7.58%), Emami Ltd.(up 3.21%), Hindustan Foods Ltd.(up 2.82%), Bikaji Foods International Ltd.(up 2.58%), Zydus Wellness Ltd.(up 2.44%), Tasty Bite Eatables Ltd.(up 1.80%), Euro India Fresh Foods Ltd.(up 1.72%), Colgate-Palmolive(India)Ltd.(up 1.61%) and Gillette India Ltd.(up 1.44%) stood among the top gainers.

Shares of LTIMindtree Ltd.(up 2.98 per cent), MphasiS Ltd.(up 2.49 per cent), Persistent Systems Ltd.(up 1.79 per cent), Wipro Ltd.(up 1.44 per cent) and HCL Technologies Ltd.(up 1.39 per cent) ended the day as top gainers in the pack.

Shares of Glenmark Pharmaceuticals Ltd.(up 1.89 per cent), Lupin Ltd.(up 1.4 per cent), Mankind Pharma Ltd.(up 1.03 per cent), Ipca Laboratories Ltd.(up 0.7 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 0.68 per cent) ended the day as top gainers in the pack.

These high-performing stocks that rallied more than 10% during the session included, The Phosphate Co.(14.94%), Vision Corp(14.03%), Remi Edelstahl(13.32%), Greenpanel Ind(13.20%), CWD L(12.91%), Forbes Precision Too(12.71%), Nalwa Sons Invst(12.38%), Mukta Agriculture(12.16%), Bhartia Bachat(12.14%) and Shivam Autotech(11.96%).

Shares of TVS Motor Company Ltd.(up 1.26 per cent), Mahindra & Mahindra Ltd.(up 0.52 per cent), Samvardhana Motherson International Ltd.(up 0.3 per cent), MRF Ltd.(up 0.24 per cent) and Tata Motors Ltd.(up 0.15 per cent) ended the day as top gainers in the pack.

Shares of Au Small Finance Bank Ltd.(up 1.74 per cent), Punjab National Bank(up 1.57 per cent), State Bank of India(up 1.11 per cent), IDFC First Bank Ltd.(up 1.0 per cent) and Canara Bank(up 0.64 per cent) ended the day as top gainers in the pack.

Adani Power Ltd. 1.16 per cent to Rs 529.45 in Tuesday's trade as of 01:58PM (IST) even as the benchmark Nifty ruled at 24526.05, 92.96 points. The scrip had closed at Rs 535.70 in the previous session. The stock quoted a 52-week low of Rs 430.85 and a high of Rs 896.75. The company quoted a market-cap of Rs 204417.76 crore on the BSE.