Wipro shares were trading ex-bonus from Tuesday, June 13, at Rs 262 on the Bombay Stock Exchange (BSE) at around 12.55 pm. The company had declared 1:1 bonus shares and the record date is June 14. On Monday, the share had ended at around Rs 525.
Meanwhile, the company informed in a statement about its ADRs listed on the New York Stock Exchange (NYSE) on bonus and dividend entitlement.
"At NYSE, for ADR stock dividends or bonus issue, the ex-dividend date is set as the first business day after the stock dividend is paid, which is also after the record date. Therefore NYSE has not yet declared an ex-dividend date for Wipro's ADR program. Once the payable date is declared NYSE will announce the ex-dividend date for the ADR," the company said.
Infosys was trading 0.39 percent lower at Rs 960 on the BSE. The company's CEO Vishal Sikka met Finance Minister Arun Jaitley in New Delhi on Monday, ahead of Prime Minister Narendra Modi's visit to the US amid the H-1B visa row. Indian IT companies generate about 60 percent of their export revenues from the US.
At around 1.05 pm, the BSE Sensex was up 120 points at 31,216 while the NSE Nifty was trading 28 points higher at 9,655. Top gainers were Power Grid Corporation, HDFC and Lupin.
India's inflation for May came at 2.18 percent, lower than 2.99 percent recorded for April, while factory output (IIP) for April stood at 3.1 percent while the data for March was revised to 3.8 percent for March from 2.7 percent.
"The positive surprise was supported by a broad-based recovery, with 19 out of 23 manufacturing industries registering positive growth, the highest in the past seven months. Manufacturing as a whole grew 2.6 percent YoY in April 2017, a tad higher than 2.4 percent in the previous month," brokerage Nirmal Bang Institutional Equities said in a note.
On retail inflation numbers, the brokerage said: "We have cut our inflation forecasts to account for the recent fall in crude oil prices and we now expect inflation to be under 3% in 1HFY18, but our forecast for 2HFY18 continues to be slightly above the RBI's 4.5% estimate (excluding HRA)."