Here are the top stocks to watch in today s session:
Wipro: The IT services major s share buyback programme will commence today and close on January 11, 2021. In November, shareholders had approved the buyback plan for the purchase of up to 23.75 crore equity shares at Rs 400 per share.
AU Small Finance Bank: AU Small Finance Bank announced strategic partnership with ICICI Prudential Life Insurance to offer personalised insurance solutions.
3i Infotech: IT firm 3i Infotech has entered into definitive agreements to sell its software products business to the funds advised by Apax Partners for Rs 1,000 crore.
Axis Bank: Axis Bank is pruning its overseas operation as part of a strategy of focusing Indian market. It closed branches in Shanghai and Colombo last month while it is in the process of winding up Hong Kong Branch.
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Nifty futures on the Singapore Exchange traded 56 points, or 0.40 per cent, higher at 13,944, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today s trade:
Axis Bank: Axis Bank is pruning its overseas operation as part of a strategy of focusing Indian market. It closed branches in Shanghai and Colombo last month while it is in the process of winding up Hong Kong Branch, senior bank officials said. It is also looking to surrender its UK banking subsidiary license and close operations by April 2021.
Shares of smallcap companies were on a roll at the bourses on Tuesday with the S&P BSE Smallcap index hitting 31-month high after domestic mutual funds and insurance company acquired select companies share from open market. SORIL Infra Resources, Paisalo Digital, Fineotex Chemical, Rupa & Company, Borosil Renewables, Nava Bharat Ventures and Hindustan Foods were up between 10 per cent and 20 per cent on the BSE in intra-day trade. The S&P BSE Smallcap index hit an intra-day high of 18,089, its highest level since May 10, 2018. The index surpassed its previous high of 17,967, touched on December 17, 2020. Among individual stocks, Paisalo Digital hit a fresh record high of Rs 745, up 19 per cent on the BSE. In the past four trading days, the stock of the finance company rallied 53 per cent after SBI Life Insurance Company acquired 9 per cent stake in the finance company via open market.
NSE-BSE bulk deals: France’s MACSF Epargne Retraite sells stake in 3i Infotech
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Last Updated: Dec 28, 2020, 09:46 PM IST
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Benchmark Sensex rose 380 points to 47,354, while the peer Nifty climbed 124 points to 13,873.
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Mumbai: Among the key bulk deals on Monday, French insurance firm MACSF Epargne Retraite sold its entire stake in the IT firm
Here’s who bought and sold what in some of the key bulk deals of the day: MACSF Epargne Retraite sold its entire 2.39 per cent stake or 404,16,504 shares of 3i Infotech at Rs 5.65 each. Standard Chartered Bank cut some of its 2.72 per cent stake in the company as it offloaded 127,50, 294 shares at 5.64 each.