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INFY - Infosys News Story

$18.16 0.3  1.6%

Last Trade - 14/05/21

Sector
Technology
Size
Large Cap
Market Cap £54.09bn
Enterprise Value £52.08bn
Revenue £9.73bn
Position in Universe 166th / 6846

Indian shares rise for 5th session as Reliance gains; TCS buyback plan awaited

Wed 7th October, 2020 11:25am
BENGALURU, Oct 7 (Reuters) - Indian shares ended higher on
Wednesday, as Reliance Industries surged after securing a $750
million investment and Titan Company touched its highest in
seven months after flagging a strong recovery at its jewellery
division. 
    The NSE Nifty 50 index  .NSEI  ended up 0.66% at 11,738.85,
while the S&P BSE Sensex  .BSESN  closed up 0.8% at 39,878.95.
The indexes have risen for the fifth straight session. 
    Shares of IT heavyweight Tata Consultancy Services  TCS.NS 
ended 1.4% higher after hitting a record high ahead of its
quarterly results, with the company expected to lay out details
on a highly anticipated buyback plan. 
    Shares of Reliance Industries  RELI.NS  surged as much as
4.5% after it said on Tuesday Abu Dhabi Investment Authority
would invest 55.13 billion Indian rupees in its retail arm.
    Meanwhile, India's oil and gas minister Dharmendra Pradhan
said the country will form rules to allow gas producers sell gas
through e-bidding platforms that would allow companies to
discover market prices of gas through e-bids.  urn:newsml:reuters.com:*:nFWN2GY0C2
    Shares of gas producers Oil and Natural Gas Corp  ONGC.NS 
and Oil India  OILI.NS  rose 2% and 6.4%, respectively. 
    Titan Company  TITN.NS  ended up 4.5% after it said its
jewellery division saw a quarterly recovery rate of 98%, sending
its shares to a seven-month high and making it the top gainer on
the Nifty 50.  urn:newsml:reuters.com:*:nFWN2GX0XW 
    Bajaj Finance  BJFN.NS  shares fell 4.1%, after the company
said it will continue to accelerate its COVID-19 provisioning
and reported a drop in new loans.  urn:newsml:reuters.com:*:nL4N2GY15K
    India reported 72,049 new cases of coronavirus on Wednesday,
dropping from the daily highs of last month in a sign infections
were peaking for now, officials and experts said.  urn:newsml:reuters.com:*:nL4N2GY0Z1

 (Reporting by Philip George and NR Sethuraman in Bengaluru;
Editing by Shailesh Kuber)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))
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