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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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.
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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.
Market Movers: Burger King hits lower circuit for second straight day; midcaps, smallcaps underperform
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The benchmark equity indices extended their gains for the sixth straight session following gains in Infosys, ICICI Bank, Reliance Industries and Tata Consultancy Services.
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Shares of BEML climbed over 3 per cent after Porinju Velliyath’s Equity Intelligence India on Thursday bought 2,65,000 shares in the company at Rs 847.63 per share.
Shares of Reliance Industries (RIL) got traction in the fag-end of the trade on Friday, amid reports that the company and BP have started production from R Cluster, the ultra-deep-water gas field in block KG D6 off the east coast of India. On the other hand, the recently listed Burger King continued to hit the lower circuit for the second straight session. The scrip plunged around 10 per cent to Rs 161.45.