Connect with us

Hi, what are you looking for?


After Hours: Infy, TCS log big gains; Adani stocks make merry

NEW DELHI: The domestic equity market ended on a perfect not..

NEW DELHI: The domestic equity market ended on a perfect note on Friday, with both headline indices scaling fresh record peaks.

The S&P BSE Sensex surged 184 points to close at 33,940 with ONGC (up 3 per cent) being the top gainer and Dr Reddy's (nearly 1 per cent) the worst laggard. The broader Nifty50 index of the National Stock Exchange (NSE) added 53 points to end at 10,493, with 29 constituents ending in the green and 20 in the red.

Here's a look at the top newsmakers of Dalal Street:

Infosys hits a 1-year high
Shares of the IT behemoth rose as much as 2.23 per cent to Rs 1,044.80, its highest close since October 20, 2016. Some analysts have turned bullish on the stock in last one month, with 'strong buy' recommendations rising by two to 11 and 'buy' ratings by one to 11. The stock had 17 'hold', seven 'sell' and one 'strong sell' recommendations as of Friday. The stock has underperformed the sector so far this year, having risen 1.13 per cent for the year against a 9.38 per cent gain on the Nifty IT Index. On Friday, the counter shut shop at Rs 1,038.40 apiece on BSE, up 1.65 per cent.

TCS on a high post Nielsen deal
Shares of TCS climbed nearly 2 per cent on BSE to settle at Rs 2,639 apiece after India's leading IT exporter bagged a $2.25 billion outsourcing contract from Nielsen, a television rating measurement firm. The partnership, signed in October this year, is a renewal of TCS' existing collaboration with Nielsen.


Adani Power, Adani Transmission surge
Shares of Adani Transmission and Adani Power hit multi-month highs after the recent purchase of Reliance Infrastructure's power business in Mumbai boosted sentiment for the Adani group. Reliance Infrastructure on Thursday said it would sell its entire power business in Mumbai for a total of Rs 18,800 crore to Adani Transmission. Shares of Adani Transmission ended 4.49 per cent higher at Rs 236 apiece on NSE while those of Adani Power settled at Rs 38.65, up 6 per cent.


Spurt in open interest
Wipro witnessed the biggest spike in open interest at 41.08 per cent, followed by Reliance Naval (35.10 per cent) and Pidilite Industries (29.65 per cent).


Metals slip in trade
The Nifty Metal index was the sole sectoral laggard on NSE. The index lost 0.55 points, or 0.01 per cent, to settle at 3,839, with nine out of 15 constituents ending in the red.


@52-week highs
As many as 134 stocks hit fresh 52-week highs. Notable among them include Aarti Industries (up 8 per cent), Aspinwall and Company (up 16.75 per cent) and Binani Industries ( up 20 per cent). On the other hand, 5 scrips hit fresh 52-week lows.


NHPC gains 3%
Shares of NHPC advanced over 3 per cent after the board approved amending the company's memorandum of association (MoA) to enable it to apply to power regulator CERC for a trading licence. According to the statement, the amendment will be subject to the approval of shareholders of the company by way of a special resolution and other statutory or administrative approvals, if any required. The stock closed at Rs 30.35 apiece, up 2.88 per cent on BSE.


Original Article


ET Markets


The post After Hours: Infy, TCS log big gains; Adani stocks make merry appeared first on News Wire Now.


In an interview with ET Now, Dabur India Director Mohit Burm..


The 147th Open championship will be at Carnoustie Golf Club in Scotland. Jan Kruger/R&A Golfers ..


Enlarge Oliver Morris/Getty Images) In response to an Ars re..


Enlarge/ You wouldn't really want to use Nvidia's ..