Page 39 - Prashanth Tapse News Today

The Nifty, which recently re-claimed 20k, rose to a new high of 20,258 in the morning trade. Analysts expect the uptrend to hold for the next few sessions. They expect capital goods, infra and cement stocks to do well

TCS share price rose as the companys share buyback opened on December 1. The buyback, offering Rs 4,150 a share, contributed to the upward momentum

The Securities and Exchange Board of India (Sebi) had halved the IPO listing timeline to three days from six days earlier, in June this year.

The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 337.67 lakh crore ($4 trillion) on Friday amid a rally in equities, mainly on account of favourable macroeconomic data and continuous foreign fund inflows. Rising for the fourth straight day, the 30-share BSE Sensex jumped 492.75 points or 0.74 per cent to settle at 67,481.19 points. During the day, it rallied 575.89 points or 0.85 per cent to 67,564.33 points.

BSE's Sensex jumped 492.75 points, or 0.74 per cent, to end at 67,481.19. NSE's Nifty50 rose about 135 points, or 0.67 per cent, to end the day at 20,267.90 for the day.

TCS Buyback 2023: TCS is offering to buy back shares worth Rs 17,000 crore at a price of Rs 4,150 per share. This is a premium to the current market price of TCS shares, which is around Rs 3,325 per share. Shareholders can tender their shares for buyback date & time at news18.com

Nifty 50 closed 135 points, or 0.67 per cent, higher at 20,267.90 while the Sensex ended the day at 67,481.19, up 493 points, or 0.74 per cent.

Nifty 50 index concluded with 0.67 per cent gains to new levels of 20,267 and the Sensex settled with 0.74 per cent gains at 67,483, , stock market, nifty, sensex, IPO launch, Flair Writing Industries, All time high, retail investors, Intraday

Gandhar Oil received a better-than-expected subscription demand at 64x for its IPO, mainly on the back of reasonable valuations. The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes.

From the Sensex pack, UltraTech Cement, Kotak Bank, Sun Pharma, M&M, and L&T opened with gains, while Asian Paints, NTPC, Tata Steel, Reliance Industries, and Infosys opened with cuts.