Market Live: Sensex extends gains, Nifty inches towards 10,400; Lemon Tree up 10%.
Market Live: Sensex extends gains, Nifty inches towards 10,400; Lemon Tree up 10%
Benchmark indices started off the week on a positive note, tracking recovery in Asian stocks and shrugging off weak cues from Wall Street.
Benchmark indices started off the week on a positive note, tracking recovery in Asian stocks and shrugging off weak cues from Wall Street.
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Market Update: Frontline indices continued to trade higher, with the Sensex rising 145.47 points to 33,772.44, driven by HDFC Bank, HDFC, Reliance Industries and ITC.
The Nifty is inching towards 10,400 levels, rising 46.10 points to 10,377.70.
The market breadth remained in favor of advances. More than two shares advanced for every share falling on the BSE.
Rupee Trade: The rupee strengthened by 6 paise to 64.90 against the US dollar on fresh selling of the greenback by banks and exporters.
Besides, a higher opening of the domestic equity market and weakness in the dollar against other global currencies, following data that showed the US economy created the least number of jobs in six months in March, supported the rupee, forex dealers said.
The domestic unit had ended flat at 64.97 against the US dollar in a quiet range-bound trade on Friday as local equities consolidated their recovery momentum.
Buzzing: Shares of Wipro rose 5 percent as the company sold its stake in Wipro Airport IT to Antariksh Softtech.
The company sold 63 percent of its stake in Wipro Airport IT to Antariksh Softtech as part of divesture of the subsidiary for Rs 3,15,00,000.
Wipro Airport IT Services, a joint venture between Wipro (74 percent) and Delhi International Airport (26 percent), which provides various IT Services at Indira Gandhi International Airport, New Delhi.
Post the sale, the company holds 11 percent stake in Wipro Airport IT, which will continue to outsource IT services of the airport to Wipro as per the existing arrangement.
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The Nifty is inching towards 10,400 levels, rising 46.10 points to 10,377.70.
The market breadth remained in favor of advances. More than two shares advanced for every share falling on the BSE.
Rupee Trade: The rupee strengthened by 6 paise to 64.90 against the US dollar on fresh selling of the greenback by banks and exporters.
Besides, a higher opening of the domestic equity market and weakness in the dollar against other global currencies, following data that showed the US economy created the least number of jobs in six months in March, supported the rupee, forex dealers said.
The domestic unit had ended flat at 64.97 against the US dollar in a quiet range-bound trade on Friday as local equities consolidated their recovery momentum.
Buzzing: Shares of Wipro rose 5 percent as the company sold its stake in Wipro Airport IT to Antariksh Softtech.
The company sold 63 percent of its stake in Wipro Airport IT to Antariksh Softtech as part of divesture of the subsidiary for Rs 3,15,00,000.
Wipro Airport IT Services, a joint venture between Wipro (74 percent) and Delhi International Airport (26 percent), which provides various IT Services at Indira Gandhi International Airport, New Delhi.
Post the sale, the company holds 11 percent stake in Wipro Airport IT, which will continue to outsource IT services of the airport to Wipro as per the existing arrangement.
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The company's meeting of the board of directors will be held on April 24-25, 2018 to consider and approve, audited standalone and consolidated financial results for the quarter and year ended March 31, 2018.
It will also consider the recommendation of final dividend, if any, for the financial year ended March 31, 2018.
It will also consider the recommendation of final dividend, if any, for the financial year ended March 31, 2018.
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