Infy buyback likely in April; Why MFs said TA-TA to TCS, other group stocks

ET Markets Daily Brief | Thu, Feb 23, 2017 | 04:08 PM IST Follow ET Markets Co-sponsor Associate Sponsors

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Infosys buyback could happen in April, likely to be worth $2.5 billion This will be the first buyback in the company's 35-year-old history and comes after similar moves by its rivals Cognizant and TCS. MFs say TA-TA to TCS, other group stocks after Chandra elevated to head Tata Sons While mutual funds exited three counters, they were buying other Tata group stocks at the same time, following the ouster of former group head Cyrus Mystry. Sensex at 29K by December 2017? Why this stock rally has to halt, or time-correct The year-to-date rally in Indian stocks has been largely in line with the returns delivered by other global indices, such as MSCI Emerging Market Index.

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Market Watch 23 Feb | 04:08PM| SENSEX NIFTY USD/INR GOLD 28892.97 ↑28.26 8939.50 ↑12.60 29260.00 ↑52.00

Gainers Losers 23 Feb, 2017, 04:08PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Vandana Knitwear Ltd. 0.34 17.24 10000 0.34 0.34 Viaan Industries Ltd. 150.00 16.10 29472 155.00 135.00 Ravi Kumar Distilleries Ltd. 12.63 14.82 84122 13.20 10.56

Tweet of the day... Tata Motors mulls raising Rs 500 crore via NCDs

FROM THE NEWSPAPER

BLOG: Look who moved the market all through Thursday Technically, the Nifty setup suggests bullish undertone. But going into the February series F&O expiry and longer weekend, volatility is likely to be high during the session. Watch this space as we bring you all the action in a live blog from Dalal Street. Non-performers till the other day, largecaps back in favour; here's why The S&P BSE Largecap index has gained nearly 10 per cent so far in 2017 compared with an 8 per cent rally in the S&P BSE Sensex. 5 figures that kept telecom sector buzzing this year On Thursday, Bharti Airtel announced that it had entered into a definite agreement with Telenor South Asia Investments to acquire Telenor India. 7th tranche of sovereign gold bonds opens on Feb 27 The bonds will be sold through banks, Stock Holding Corporation of India Ltd, designated post offices and recognised stock exchanges, NSE and BSE. Suitors line up to pick up 26% stake in BEML Subsidiaries of Mitsubishi, Siemens and L&T are said to have informally approached the government to show interest in the stake sale.

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