TCS board to consider buyback next week; Nifty downside to be limited today

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Nifty due for correction, but the downside will be limited  Today, we can expect a subdued opening and a spike in US bond yields may have a lingering effect on Indian equities. After Cognizant, now TCS board to consider buyback on February 20 Media reports have been buzzing for some time about a host of cash-rich IT companies considering buybacks to address shareholders concerns. What changed overnight and top market cues for you At 6.00 am, Nifty50 futures on the Singapore Stock Exchange were trading 12.50 points higher at 8,766.50, indicating a positive opening for the domestic market.

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Market Watch 16 Feb | 09:08AM| SENSEX NIFTY USD/INR GOLD 28223.85 ↑68.29 8739.00 ↑14.30 66.90 ↓-0.02 29145.00 ↑144.00

Gainers Losers 16 Feb, 2017, 09:08AM IST, PTI|View All Company Name Live Price Change (%) Volume High Low

52W - Highs 52W - Lows 16 Feb, 2017, 09:08AM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Pradip Overseas 2.64 20.00 81978 2.64 2.40 Samrat Pharma 50.55 19.93 10892 50.55 50.55 T & I Global 45.80 19.90 17073 45.80 45.80 Sri Krishna Constructions (India) Ltd. 46.20 19.23 15000 46.20 37.90 SAL Steel Ltd 5.51 9.98 278574 5.51 5.25

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