Market Bizzz

Wipro is set to acquire Harman’s Digital Transformation Solutions (DTS) for $375 million, enhancing its Engineering Research & Development services. The deal brings over 5,600 DTS employees across the Americas, Europe, and Asia to Wipro. DTS, with a strong presence in multiple countries and diverse sectors, reported a revenue of $314.5 million in CY24.

Apollo Hospitals’ promoters are reportedly planning to sell a stake worth ₹1,395 crore through a block deal, potentially impacting the stock’s performance. The floor price is expected to be ₹7,747 per share, a 2% discount from Thursday’s closing. Suneetha Reddy may sell up to 1.25% equity.

Vedanta announced a second interim dividend of Rs 16 per share for FY26, totaling Rs 6,256 crore, with a record date of August 27, 2025. This follows a previous dividend of Rs 7 per share. Despite rewarding shareholders with a high dividend yield, Vedanta faces regulatory hurdles.

IndusInd Bank’s share price is likely to remain in focus as the lender resolves legacy issues in its treasury and microfinance businesses. The board has also cleared the appointment of veteran banker Rajiv Anand as MD & CEO.

Insurance stocks like SBI Life and HDFC Life will be in focus after a GoM proposed exempting GST on individual health and life insurance premiums. The move, part of GST 2.0 reforms, could ease costs for policyholders and improve sector outlook, pending council approval.

It is an uptrend signal if the RSI value has crossed above 50 from below. “RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

Alok Agarwal of Alchemy Capital suggests focusing on high-growth sectors like consumer discretionary and chemicals. He is underweight on IT and FMCG. GST rationalization is expected to boost consumption. Electronic manufacturing and hospitals are showing strong growth. He is selectively positive on lenders but favors capital market plays. Midcaps offer better growth prospects than largecaps.

Japanese government bonds are facing persistent pressure, with the 20-year debt declining for the eighth consecutive day following a weak auction. Concerns about Japan’s rising debt levels and increased government deficit spending have pushed yields on super-long bonds to historic highs. The 20-year JGB yield edged up to 2.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Gem Aromatics’ IPO opens today, aiming to raise ₹451.3 crore. The issue comprises a fresh issue and an offer for sale, with proceeds earmarked for debt repayment and corporate purposes. Anand Rathi recommends subscribing for the long term, citing the company’s established position and growth potential, despite valuation concerns and key risks like customer concentration.