Wednesday, 23 August, 2017

Nifty ends above 9900, Reliance Industries leads

Wipro rallies 8% on Rs. 11000-cr share buyback Market Now: RIL, Wipro most active in terms of volume
Lance Thomas | 23 July, 2017, 00:25

There are 661 advances, 970 declines and 328 unchanged stocks, indicating a negative undertone floating in the market.

New Delhi, July21:Sensex and Nifty were trading on a flat note on Friday, with Reliance Industries Ltd climbing as much as 3.9 percent to a more than 9-1/2-year high after posting strong quarterly results and announcing a low-priced, 4G-enabled phone.

Among the 31-share Sensex pack, 23 stocks rose and remaining 8 stocks fell during the week. The recovery was driven by Reliance Industries, technology and select banks stocks while telecom, infra and healthcare stocks capped the upside.

The midcap index slipped 0.16 per cent, while smallcap gained 0.54 per cent.

Wipro shares spiked today after the company announced a mega share buyback plan worth up to Rs 11,000 crore. Wipro, India's third biggest IT outsourcer, reported a better-than-estimated consolidated net profit of Rs 2,083 crore and announced a share buyback worth up to Rs 11,000 crore at a price of Rs 320, a premium of almost 19 per cent from Thursday's closing price of Rs 269.15.

However, shares of telecom companies dived on Friday after Mukesh Ambani launched the JioPhone at the Reliance Industries Annual General Meeting 2017. Asian shares ended lower after the European Central Bank announced no changes to its stimulus policies, but European shares traded higher. The most valuable telecom company as of now, Bharti Airtel slipped almost 4% just after the announcement to the day's low of Rs 403 while Idea Cellular fell as much as 7.01% to Rs 88.2 on BSE.

The stock jumped 6.47 per cent to settle at Rs 286.40 on BSE.

Sectoral indices on NSE are trading with mixed sentiments wherein Metal and Pharma indices are top losing indices and Nifty IT is the only index which is trading in the positive territory.

Recommended

  • Will the Nevada Board of Parole grant OJ Simpson his freedom?

    Will the Nevada Board of Parole grant OJ Simpson his freedom?

    Officials in Florida said in a statement that "if Nevada's request meets all criteria, Florida must accept the transfer". Neither prosecutors nor victims of the crimes for which Simpson was convicted in 2008 are expected to oppose his parole.

    Tour de France: Michael Matthews wins stage 16, Froome still in yellow

    Jack was killing it at the end. "We worked so hard to be in this position but it's not over". He said: "You are obviously very angry if you can not go for the victory".
    New Tekken 7 Character Announced: Geese Howard from Fatal Fury

    New Tekken 7 Character Announced: Geese Howard from Fatal Fury

    Fatal Fury's Geese Howard will join the Tekken 7 roster later this year as part of Bandai Namco's DLC plans for the title. Geese looks pretty stunning and all the more intimidating in 3D with his signature red hakama training trousers on.
  • The Open: Dustin Johnson admits 64 could have been better

    The Open: Dustin Johnson admits 64 could have been better

    Not that he had any idea at the time. "I didn't know what was going on on 18, I promise you", Grace said . The lowest-ever score in a major is 61, shot by Korea's Kim Hyo-Joo in the 2014 Evian Championship.
    New Mexico boy accidentally found Extremely rare dinosaur fossil

    New Mexico boy accidentally found Extremely rare dinosaur fossil

    Jude said that he went through a phase - between the ages of 5 and 8, to be exact - when dinosaurs and fossils excited him. The recent discoveries are late-comers that were not ancestral to anything.
    Trump Administration Takes Initial Steps To Renegotiate NAFTA

    Trump Administration Takes Initial Steps To Renegotiate NAFTA

    Unless the USA starts saving more or investing less, that deficit won't decline - regardless of this or any other trade agreement. The most important fact to keep in mind as the administration renegotiates NAFTA is that the agreement has been a success.
  • RIL Q1 net profit rises 8

    RIL Q1 net profit rises 8

    Refining business contributed ₹66,945 crore of revenue while petrochemicals accounted for ₹25,461 crore. The net profit (excluding exceptional items) increased by 12.8 per cent to Rs 8,021 crore.
    Under 45? You will now have to work longer before you retire

    Under 45? You will now have to work longer before you retire

    Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages. Mr Gauke told the Commons the move would save the Treasury £74 billion by 2045/46 compared with the previous proposals.
    Disney offers a first look at Star Wars land

    Disney offers a first look at Star Wars land

    So guests will actually get to pilot the Millennium Falcon , which has been a fantasy at some point for every Star Wars fan. The progress on the Star Wars-inspired lands was updated by the amusement park and resort giant earlier this year in March.
  • Jalen Rose suggests LeBron James is 'as good as gone' in Cleveland

    Jalen Rose suggests LeBron James is 'as good as gone' in Cleveland

    Adding to his frustration was the fact that Griffin was very close to landing Jimmy Butler when Gilbert chose to shake things up. Despite being courted by James himself, Crawford signed with the Wolves on a deal worth $US4.4 million per season.
    Mayawati resigns from Rajya Sabha membership

    Mayawati resigns from Rajya Sabha membership

    The numbers do not bode well for the BSP's chances to its supremo back to Rajya Sabha when her term would end in April next year. He stressed that the party's next move would be to take this issue to the people and expose the BJP's doublespeak on Dalits .

    Kingdom Hearts III gets new trailer, and a 2018 release window

    It's the first time Pixar has joined the Kingdom Hearts universe - and with it comes a whole new Toy Story , erm, story. Since then, Square Enix has been trickling news about what they plan to include in the third installment.

Inside Verily's plan to fight mosquitoes with 20 million more mosquitoes Inside Verily's plan to fight mosquitoes with 20 million more mosquitoes Molly Duman Scheel, says soldiers are more susceptible to mosquito bites because of the amount of time they spend outdoors. His street is one that a white van circles each morning releasing one million male aedes aegypti mosquitoes a week.

Ghost Recon: Wildlands To Add Ghost War 4v4 PvP Mode Ghost Recon: Wildlands To Add Ghost War 4v4 PvP Mode Istrate cautions that "all of these elements will make team play, communication, and strategic skills more crucial than ever". Ghost War will be a class-based affair, with players choosing from one of six classes before jumping into any given match.

Alexa Will Be Available On All Android Phones Soon Alexa Will Be Available On All Android Phones Soon The voice assistant is now discoverable on the Amazon app but has not been enabled yet. Thoughts on Alexa coming to Android?

Watchdog recalls coffee which gives drinkers an erection lasting for hours Watchdog recalls coffee which gives drinkers an erection lasting for hours The ingredient is similar in structure to sildenafil, the active ingredient in Viagra- a drug prescribed for erectile dysfunction. It also warned the coffee's unlisted milk ingredient could be risky for people with allergies or sensitivities to the product.

Treasury fines Exxon $2 million for violating Russian Federation sanctions Treasury fines Exxon $2 million for violating Russian Federation  sanctions The same month that Exxon signed the deals, Tillerson said the company generally opposes sanctions and finds them "ineffective". And a May 2014 report from the Wall Street Journal said that BP's CEO, an American, "may participate in board meetings with Mr.

Twitter Is Losing It Over This Offensively Bad Beyonce Wax Figure Twitter Is Losing It Over This Offensively Bad Beyonce Wax Figure When the curtain came down revealing the waxwork after a countdown, Kylie admitted that she was taken aback by how it looked. Sometimes the wax figurines at Madame Tussauds' tourist traps are spot-on, looking like actual twins of their namesakes.

Congressional committee approves amendment that would grant citizenship to Charlie Gard Congressional committee approves amendment that would grant citizenship to Charlie Gard Mr Justice Francis is due to read a transcript of the meeting at Gosh before the next hearing, likely to be this Friday. They apparently failed to be persuaded by American neuroscientist Dr Michio Hirano , who flew back to NY last night.

U.S. says Iran complying with 2015 n The sanctions freeze any assets the blacklisted targets might have in the USA and block Americans from doing business with them. Trump had repeatedly condemned the nuclear deal brokered by his predecessor Barack Obama as a unsafe capitulation to Iran.

Blues complete AS Monaco midfielder Tiemoue Bakayoko's signing Blues complete AS Monaco midfielder Tiemoue Bakayoko's signing Asked what his ambitions were for the upcoming season, Bakayoko added: 'I have the ambition to play as many matches as possible. Chelsea are a big club", the 24-year-old said at a promotional event in Tokyo.

IIFA 2017 Honors Neerja, Udta Punjab IIFA 2017 Honors Neerja, Udta Punjab His " Udta Punjab " co-actress, Alia Bhatt won the Best Actor (Female ) Award for the film and both recorded a boomerang. The actors were given away the prestigious IIFA Awards for their brilliant performance in " Udta Punjab ".

Delta hits back at Ann Coulter after 'public attack' on Twitter Delta hits back at Ann Coulter after 'public attack' on Twitter Coulter also tweeted that she was still waiting for an explanation. "Here's the woman given my PRE-BOOKED seat". Delta Airlines' seating policy can be found on their website.

Trump's six-month approval rating falls to a record low Trump's six-month approval rating falls to a record low He brushed off an ABC/Washington Post poll over the weekend showing his approval rating down at 36 percent. Obama's worst approval rating was 40 percent, which was recorded during his sixth year in the White House .

Feng takes early lead in US Women's Open Feng takes early lead in US Women's Open Because of the delayed start of the second round, those with afternoon tee times , such as Korda's older sister, Jessica, may not. NOTES: Defending champion Brittany Lang of the United States, one of 10 Women's Open champions in the field, shot an even-par 72.

Action Aladdin casts Will Smith, Naomi Scott, Mena Massoud Action Aladdin casts Will Smith, Naomi Scott, Mena Massoud There's still no release date for Aladdin , but we are following the story and will update as soon as a date is revealed. The duo join the only other talent cast for the Disney musical, Will Smith , who will be playing the Genie .

Beyonce unveils photo of twins Sir and Rumi Beyonce unveils photo of twins Sir and Rumi Beyonce already holds that crown with her Instagram pregnancy announcement in February. "We have been blessed two times over". The picture showed the 35-year-old mother-of-three and the twins draped in a purple floral sheet, while she wore a blue veil.