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Sensex ends flat but at new closing highs; Nifty settles above 11050

All that happened in the markets today

SI Reporter  |  New Delhi 

Sectoral Trend Sensex top gainers and losers Markets at Close   Benchmark indices were flat on Wednesday, paring gains after scaling new peaks for a sixth consecutive session, with IT stocks boosting the indexes while broader gains were capped by profit-booking.   The S&P BSE Sensex ended at 36,161, up 21 points while the broader Nifty50 index settled at 11,086, up 2 points.  Essar Oilfields bags Rs 32 crore well drilling contract from ONGC   Essar Oilfields Services India Ltd (EOSIL) on Wednesday said it has been awarded a contract worth Rs 32 crore by ONGC to drill 30 wells at the latters coal bed methane block in Bokaro in Jharkhand for one year.   Work is likely to commence in the next few weeks, EOSIL said in a statement. READ MORE Paushak locked 5% upper circuit as board approves share buyback proposal   Paushak was locked in upper circuit of 5% at Rs 1,480, also its record high on BSE, after the company’s board approved the share buyback proposal at price Rs 1,700 per share through tender offer.   The buyback price is 21% higher against Tuesday’s closing price of Rs 1,409 on BSE. READ MORE IT heavyweights surge past buyback price   Investors in information technology (IT) stocks who tendered their equity shares in recent buyback offers have missed out on the current rally, as most of the stocks are trading higher as compared to their respective buyback price.     Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Wipro, Mindtree and Danlaw Technologies have rallied by up to 45% from their buyback price. These seven IT companies had bought back equity shares worth around Rs 439 billion from their shareholders, including promoters. READ MORE

Benchmark indices ended flat on Wednesday, paring gains after scaling new peaks for a sixth consecutive session, with IT stocks boosting the indexes while broader gains were capped by profit-booking. The Nifty IT index rose as much as 3.9% to hit a record high and was set to post its seventh session of gains. Infosys contributed the most to the rise, climbing as much as 3.7%. The Nifty Pharma index rose for a fourth consecutive session, climbing as much as 0.5%. Meanwhile, investors booked profits in market heavyweights such as Reliance Industries, which fell as much as ...

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First Published: Wed, January 24 2018. 15:30 IST
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Sensex ends flat but at new closing highs; Nifty settles above 11050

All that happened in the markets today

All that happened in the markets today Benchmark indices ended flat on Wednesday, paring gains after scaling new peaks for a sixth consecutive session, with IT stocks boosting the indexes while broader gains were capped by profit-booking. The Nifty IT index rose as much as 3.9% to hit a record high and was set to post its seventh session of gains. Infosys contributed the most to the rise, climbing as much as 3.7%. The Nifty Pharma index rose for a fourth consecutive session, climbing as much as 0.5%. Meanwhile, investors booked profits in market heavyweights such as Reliance Industries, which fell as much as ... image
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Sensex ends flat but at new closing highs; Nifty settles above 11050

All that happened in the markets today

Benchmark indices ended flat on Wednesday, paring gains after scaling new peaks for a sixth consecutive session, with IT stocks boosting the indexes while broader gains were capped by profit-booking. The Nifty IT index rose as much as 3.9% to hit a record high and was set to post its seventh session of gains. Infosys contributed the most to the rise, climbing as much as 3.7%. The Nifty Pharma index rose for a fourth consecutive session, climbing as much as 0.5%. Meanwhile, investors booked profits in market heavyweights such as Reliance Industries, which fell as much as ...

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