Key Stocks to Track Today: Wipro Q4 Beat, Angel One Slides

Indian stock markets are expected to open lower on Thursday, April 17, as investor sentiment takes a cautious turn following a strong three-day rally. Weak global cues and early results from the Q4 earnings season are keeping market participants on edge.

At 8:00 AM, GIFT Nifty Futures were down 53 points, trading around the 23,380 level, hinting at a soft start for Sensex and Nifty 50.

Global Market Snapshot:

• Asia:
  • Hang Seng surged 1% 
  • Nikkei 225 rose 0.75% 
  • ASX200 gained 0.38% 
  • Kospi advanced 0.41% 
• Wall Street:
  Major U.S. indices dropped sharply overnight after Fed Chair Jerome Powell warned that Trump’s tariff policies could derail inflation and jobs: 
  • S&P 500 lost 2.24% 
  • Nasdaq Composite plunged 3.07% 
  • Dow Jones dropped 1.73% 

🔗 Federal Reserve Economic Policy – federalreserve.gov
🔗 Trump Tariff Impact – Investopedia

Stocks to Watch Today:

 Wipro (WIPRO.NS)

Wipro reported a 26% YoY growth in net profit to ₹3,570 crore in Q4 FY25. Revenue rose 1% to ₹22,504 crore. On a sequential basis, profit rose 5%. This solid performance could support tech sentiment today.

🔗 Wipro Q4 Results – NSE India

Angel One

The brokerage firm posted a 48.7% drop in net profit to ₹174.5 crore in Q4 FY25. Revenue declined 22% YoY to ₹1,057.8 crore. The sharp fall came amid lower trading activity and rising costs.

DLF Ltd

DLF has agreed to sell a 25.9-acre IT/ITeS SEZ property to Srijan Realty and subsidiaries for ₹693 crore. The sale is subject to regulatory approval.

Paytm (One97 Communications)

Founder and CEO Vijay Shekhar Sharma voluntarily surrendered 21 million shares worth ₹1,800 crore, which were granted under the ESOP scheme. The move has sparked interest in corporate governance circles. 

🔗 Paytm Corporate Filings – BSE India

 Hero MotoCorp

The company has temporarily suspended production at plants in Dharuhera, Gurugram, Haridwar, and Neemrana from April 17 to April 20 for supply alignment. Operations will resume on April 21.

Indian Railway Finance Corporation (IRFC)

IRFC received interim relief from the Madras High Court in a ₹230.55 crore GST dispute. The demand order has been set aside and the case has been sent back for reconsideration.

 Bharat Heavy Electricals (BHEL)

BHEL signed a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC) to co-develop alkaline electrolyser systems for green hydrogen production. The deal focuses on replacing asbestos diaphragm technology.

🔗 BARC Hydrogen Technology – Department of Atomic Energy

Final Thoughts

As Indian markets step into another earnings-heavy day, investors are likely to remain cautious amid volatile global cues. While Wipro’s strong Q4 performance may provide a buffer for IT stocks, Angel One’s sharp miss and macroeconomic headwinds from the U.S. could keep overall sentiment in check.

Top themes to track:

• Q4 earnings impact on midcaps 
• Corporate announcements from DLF, Paytm, and Hero 
• Global trade news and bond market commentary 

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