Share/Stock Market Live Updates: The benchmark indices on BSE and National Stock Exchange (NSE) further extended their gains and were trading over 2 per cent higher during the late afternoon deals on Wednesday aided by a surge in market heavyweight Reliance Industries (RIL), banking and financials, information technology (IT) and aviation stocks.
At 2:30 pm, the S&P BSE Sensex was trading 1,337.86 points (2.50 per cent) higher at 54,761.95 while the Nifty 50 was up 366.90 points (2.29 per cent) at 16,380.35.
On the Sensex pack, Bajaj Finance, M&M, RIL, Bajaj Finserv, Asian Paints, Maruti Suzuki, HDFC Bank, Ultratech Cement, Titan and IndusInd Bank were the top gainers in the afternoon trade while, NTPC, Power Grid, Nestle India and Tata Steel were the laggards.
TCS share buyback opens today: Here’s everything you need to know
India’s largest information technology (IT) company Tata Consultancy Services (TCS) is beginning its Rs 18,000 crore share buyback from today (March 9) and will continue for two weeks till March 23.
The company had last month (February 12) announced the share buyback program entailing up to 4,00,00,000 fully paid-up equity shares of the face value of Re l each at Rs 4,500 apiece.
Aviation stocks jump as India set to resume international flights from March 27; IndiGo surges 8%
Shares of aviation firms rose during the morning trade on Wednesday after the government said India will resume scheduled international commercial flights from March 27, after a two-year hiatus.
InterGlobe Aviation, the company which operates budget carrier IndiGo, surged 8.02 per cent to Rs 1,727.00 per share on the National Stock Exchange (NSE) while on BSE it rose 7.90 per cent to Rs 1,726.45. Shares of SpiceJet climbed 6.58 per cent to Rs 60.75 apice on the BSE while on NSE it was up 6.39 per cent to Rs 60.75.
