Moneycontrol Selects: Top stories this afternoon

A round-up of the big stories

Here is a collection of the most important stories this afternoon:

1. Kenneth Andrade predicts moderation in next 2 years after 2023 market rally

2. Strong debut | Motisons Jewellers lists at 98% premium to IPO price

Shares of Motisons Jewellers made a blockbuster debut on December 26, listing at 98 percent premium over issue price. The stock started trading at Rs 109 against IPO price of Rs 55. Read more.

3. Infosys stock falls 2% on $1.5 billion global deal termination

Shares of Infosys fell 2 percent at open on the NSE on December 26 after its announcement to terminate a Memorandum of Understanding (MoU) with an unnamed global company on December 22 evening. Shares of Infosys were in the green on December 22, rising 1.75 percent to close at Rs 1,561. The announcement came post-market close. At 9:20 am on December 26, the stock was trading at Rs 1,534.70. Read more.

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4. Muthoot Microfin lists at Rs 275, down over 5% from IPO price

Shares of Muthoot Microfin made a disappointing debut on bourses on December 26, listing at a 5.5 percent discount to issue price of Rs 291. The stock started trading at Rs 275.30. Read more.

5. Wipro files complaint against former senior executive for violating non-compete clause: Report

IT services major Wipro has filed a complaint against a former senior executive for violation of a non-compete clause in his employment contract to join Cognizant. Mohd Haque, Wipro’s former senior vice president (SVP) and head of healthcare and medical devices for the Americas, joined rival Cognizant as its SVP and business unit head for life sciences, before the end of his non-compete clause tenure till August 1, 2023. Read more.