TCS share buyback: The IT major will consider the proposal of buyback of its shares along with its Q2 FY24 result on October 11, the company announced on Friday. So far, TCS has not disclosed the quantum of the buyback share proposal
The market will see in total seven companies listing on the bourses this week, as per the IPO schedule. In the mainboard segment, JSW Infrastructure and Vaibhav Jewellers will debut on the bourses on October 3.
Valiant Laboratories & Plaza Wires are open for subscription in the mainstream segment. As many as 12 IPOs in the SME segment are available for public subscription. These issues are Goyal Salt, Sunita Tools, Canarys Automations, Oneclick Logistics, Vinyas Innovative, Kontor Space, E Factor Experiences, Vivaa Tradecom, Karnika Industries, Plada Infotech, Sharp Chucks and Vishnu Priya Projects.
The Nifty50 has decisively broken its crucial support of around 19,850-19,900 levels and closed at 19,674 for the last week. The next critical support is likely to be 19,500-19,400 area
The primary market remained unfazed even amid mixed global trends. A push provided by foreign institutional investors (FIIs), consistent corporate growth, and steady monsoon predictions are some of the factors that led to such buoyancy, said analysts.