Indian share markets traded marginally higher in the afternoon session. At the closing bell, the BSE Sensex stood higher by 54 points, while the NSE Nifty finished up by 30 points. Meanwhile, the S&P BSE Mid Cap finished up by 0.1% & the S&P BSE Small Cap finished flat. Gains were largely seen in realty stocks, metal stocks and software stocks.
Wipro share price gained 3.3% after it was reported that the board will consider a proposal for buyback of equity shares on 20 July.
With this, Wipro joins the growing roaster of Indian IT firms that have announced buyback offers to return surplus cash on their books to their shareholders.
Meanwhile, Fortis Healthcare share price and Religare Enterprises share price fell 8.1% and 4.5%, respectively after India Ratings and Research downgraded some non-convertible debentures (NCDs) and loans held by RHC Holding Pvt Ltd, which owns shares in Fortis and Religare, to default levels.
Jubilant Foodworks share price surged 9% in the afternoon session after the company reported rise of 25.51% in its net profit at Rs 238.4 million for the quarter under review as compared to Rs 190 million for the same quarter in the previous year. Total income of the company increased by 11.41% at Rs 6.81 billion for Q1FY18 as compared Rs 6.12 billion for the corresponding quarter previous year.
Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.31% while the Shanghai Composite lost 1.43%. European markets too are mixed. The FTSE 100 is higher by 0.20%, while the DAX & the CAC 40 are down 0.47% and 0.02% respectively.
The rupee was trading at Rs 64.37 against the US$ in the afternoon session. Oil prices were trading at US$ 46.51 at the time of writing.
Read the complete Indian stock market update. For the terms of use, go here.
No comments:
Post a Comment