All major sectors are trading in the green, with maximum surge seen among pharmaceuticals, PSU banks and energy names, among others. The Nifty Midcap index is higher around half a percent.
Buzzing: Shares of Bharti Infratel touched the 52-week low of Rs 266, down nearly 2 percent as its consolidated revenue to reduce by Rs 780 crore per annum from the merger of Vodafone-Idea.
On completion of Vodafone-Idea merger Bharti Infratel and Indus Towers, where the company holds 42% equity, have received exit notices, which would result in the exit of 27,447 co-locations for the company on a consolidated basis.
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Buzzing: Shares of Persistent Systems added 5.2 percent as the company acquired Herald Health, a startup created to transform the data overload swamping healthcare professionals into clear and actionable insights.
The enterprise value payable for the acquisition of 100 percent shares of Herald is USD 5.2 million, subject to customary adjustments for working capital.
The enterprise value payable for the acquisition of 100 percent shares of Herald is USD 5.2 million, subject to customary adjustments for working capital.
Market Update: Equity benchmarks have held on to their morning gains, with the Sensex rising over 100 points. The Nifty has maintained trading above 11,500-mark as well.
All major sectors are trading in the green, with maximum surge seen among pharmaceuticals, PSU banks, and energy names, among others. The Nifty Midcap index is higher around half a percent.
Among stocks, Power Grid, Tata Steel, and UltraTech Cement are the top gainers, while ONGC, Vedanta, Zee Entertainment and Hindalco have lost the most.
The Sensex is up 133.57 points or 0.35% at 38151.88, and the Nifty up 36.20 points or 0.32% at 11513.20. The market breadth is positive as 1,393 shares advanced, against a decline of 729 shares, while 131 shares were unchanged.
Buzzing stock: Shares of Bharat Forge were higher by 3 percent on Thursday morning as investors cheered Credit Suisse’s maintaining outperform rating on the stock with a target of Rs 750.
The stock touched an intraday high of Rs 681.95 and an intraday low of Rs 669.70.
The global research firm highlighted how the macro situation is still favorable amid strong execution by the firm as well.
With the depreciation in rupee, it reckons that companies exporting to developed markets will benefit. It also observed that 60 percent of the revenues come from exports to the US and Europe.
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All major sectors are trading in the green, with maximum surge seen among pharmaceuticals, PSU banks, and energy names, among others. The Nifty Midcap index is higher around half a percent.
Among stocks, Power Grid, Tata Steel, and UltraTech Cement are the top gainers, while ONGC, Vedanta, Zee Entertainment and Hindalco have lost the most.
The Sensex is up 133.57 points or 0.35% at 38151.88, and the Nifty up 36.20 points or 0.32% at 11513.20. The market breadth is positive as 1,393 shares advanced, against a decline of 729 shares, while 131 shares were unchanged.
Buzzing stock: Shares of Bharat Forge were higher by 3 percent on Thursday morning as investors cheered Credit Suisse’s maintaining outperform rating on the stock with a target of Rs 750.
The stock touched an intraday high of Rs 681.95 and an intraday low of Rs 669.70.
The global research firm highlighted how the macro situation is still favorable amid strong execution by the firm as well.
With the depreciation in rupee, it reckons that companies exporting to developed markets will benefit. It also observed that 60 percent of the revenues come from exports to the US and Europe.
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Market opens: After sluggish moves on Wednesday, the market has made a good start on Thursday morning. The Nifty hit 11,500 in the opening tick. The Sensex is higher by 100 points.
Major sectoral indices are trading in the green, with pharmaceuticals, metals, auto, and FMCG leading the charts, while there is the weakness in IT names. Among broader markets, the Nifty Midcap index is higher by almost a percent.
Among shares, Tata Motors, Coal India, and UltraTech Cement have gained the most, while NTPC, Adani Ports, Zee Entertainment and Bharti Infratel are the top losers.
The Sensex is up 102.49 points or 0.27% at 38120.80, and the Nifty up 11.60 points or 0.10% at 11488.60. The market breadth is positive as 539 shares advanced, against a decline of 164 shares, while 44 shares were unchanged.
Rupee Opens: The Indian rupee opened higher by 13 paise at 71.62 per dollar on Thursday versus 71.75 Wednesday.
In yesterday's session, the rupee plunged to a record low of 71.96 per dollar before it finishes the day at 71.75, down 19 paise from the Tuesday's closing of 71.56.
The rupee fell for the sixth consecutive day and lost 165 paise in the last six trading sessions.
Major sectoral indices are trading in the green, with pharmaceuticals, metals, auto, and FMCG leading the charts, while there is the weakness in IT names. Among broader markets, the Nifty Midcap index is higher by almost a percent.
Among shares, Tata Motors, Coal India, and UltraTech Cement have gained the most, while NTPC, Adani Ports, Zee Entertainment and Bharti Infratel are the top losers.
The Sensex is up 102.49 points or 0.27% at 38120.80, and the Nifty up 11.60 points or 0.10% at 11488.60. The market breadth is positive as 539 shares advanced, against a decline of 164 shares, while 44 shares were unchanged.
Rupee Opens: The Indian rupee opened higher by 13 paise at 71.62 per dollar on Thursday versus 71.75 Wednesday.
In yesterday's session, the rupee plunged to a record low of 71.96 per dollar before it finishes the day at 71.75, down 19 paise from the Tuesday's closing of 71.56.
The rupee fell for the sixth consecutive day and lost 165 paise in the last six trading sessions.
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