💰The top gainers in the Nifty index were Bajaj Finance (up 3.28%), Mahindra & Mahindra (up 2.86%), Maruti Suzuki India (up 2.47%), HDFC Bank (up 2.45%), and JSW Steel (up 2.37%). 💰The top losers in the Nifty index were Bajaj Auto (down 2.40%), HCL Technologies (down 1.32%), Divis Laboratories (down 1.32%), Nestle India (down 1.01%), and Tata Consultancy Services (down 0.93%).
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IT services major Wipro reported a decline of 6,180 employees in the fourth quarter ended March 31. This comes at a time when IT companies are looking to improve utilisation rate of existing employees amidst lowering attrition, to grow margins. On a full-year basis, Wipro headcount by down by 24,516 in FY24, the second consecutive quarter of full-year headcount drop.
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Technology stocks have been in high demand over the past year or so, driving the tech-centric Nasdaq Composite to new heights. The rapid adoption of artificial intelligence (AI) is helping to lead that charge higher.Like many investors, billionaires are intrigued by the potential to profit from these next-generation algorithms and have piled into AI stocks like there's no tomorrow.
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