Market Movers: Majesco turns ex-dividend; 25 stocks flash ‘buy’ signal on MACD
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Last Updated: Dec 23, 2020, 05:41 PM IST
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Synopsis
Shares of Majesco hit the upper circuit as they traded ex-dividend on Wednesday, and closed nearly 5 per cent from the adjusted previous close.
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Some 25 stocks on the BSE flashed the ‘buy’ signal on the MACD indicator during the trade.
INSIGHTS
NSE
Shares of
Majesco hit upper circuit after the stock turned ex-dividend on Wednesday. On the other hand, Borosil Renewables extended its rally after the completion of fundraising through a qualified institutions placement (QIP). Overall, buying in IT majors Infosys and TCS, FMCG player HUL and energy-to-telecom behemoth Reliance Industries took the benchmark equity indices higher for the second straight session.