Page 46 - Prashanth Tapse News Today

As the TCS Buyback date is approaching, the IT firm stock gained momentum to trade on a positive note for the third consecutive day, , stock market, nifty, sensex, tata consultancy services, retail investors, Intraday, trading, national stock exchange

Nifty 50 index was down 0.38 per cent at 19,690.05, while the Sensex was down 0.34 per cent at 65,761.19, , stockmarkets, nifty, sensex, national stock exchange, retail investors, Intraday, banking stocks, it stocks, trading

At a board meeting last month, Indias largest software services exporter had approved a proposal to buyback up to 4,09,63,855 equity shares of the company for Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital, at Rs 4,150 per share.

Softer-than-expected US inflation data and easing bond yields have also brought optimism in equity markets.

Equity benchmark stock indices Sensex and Nifty closed higher for a second straight day on Thursday following gains in IT, tech and consumer durable shares amid a mixed trend in global equities. Softer-than-expected US inflation data and easing bond yields have also brought optimism in equity

ASK Automotive makes its debut at Rs 304.90, registering a gain of 8.12 per cent from the issue price on the BSE; it further rallied 10.54 per cent to Rs 311.75

Several analysts suggest holding the ASK Automotives stock for long-term

"We strongly believe that ASK Automotive gives allotted investors a long-term opportunity to hold and raid the growth in automobile sector. All allotted investors can hold for long term, while those who failed to get allotments, can accumulate on the listing day," said Prashanth Tapse, Research Analyst-Sr VP Research, Mehta Equities.

A softer-than-expected US inflation print for October fueled hopes of the Fed pivoting its rate hike campaign, ushering gains across global markets.

ASK Automotive shares were listed at a premium of about 8 per cent on both BSE and NSE at Rs 304.90 and Rs 303.30, respectively, over the issue price 282 apiece.