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Adani Ports Approves Share Buyback, Stock Up

Adani Ports&Special Economic Zone Ltd (ADANIPORTS) today approved the proposal to buy-back shares worth Rs.1960-crore. The company, in its stock exchange filing, said it will repurchase 3.92-crore shares at Rs500/per share. The offer price is at a premium of 17.6pc from the current market price. Reacting to the announcement, shares...
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Nifty Ends 112pts Higher; Metal and Banking Stocks rise

Key benchmark indices to close the first day of Future and Option (F&O) May series near day’s high level with Nifty closed above 11,754 mark, up 112.90-points and Sensex finished at 39,067-levels, up 336-points. Tata Motors, Grasim Industries, Bajaj Auto, Dr Reddy’s Labs and M&M were losers on the Nifty,...
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NSE To eliminate 34 Stocks From Future and Option Segment

The National Stock Exchange (NSE) on Monday said, it will exclude 34 securities/stocks from the Futures & Options segment (F&O) since these stocks were seen to be not eligible based on selection criteria. The stocks to be excluded are –  Allahabad Bank, Ajanta Pharma, BEML, CEAT, Canfin Homes, Chennai Petro, CG Power, DCB...
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Market Trade Flat, The Most Active Stock Today

Stock markets opened lower on Wednesday with weak global cues, after International Monetary Fund cut India’s growth outlook by 20-basepoint to 7.3% for the current FY. At 10.20am The Sensex slipped 26-pts at 38,931, while the NSE’s Nifty was at 11,666-level, down 5-pts. Cipla, Tata Motors, Wipro, Coal India, Dr.Reddys were among major...
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Indiabulls HF Stock Rises On Plans To Borrow Rs26,000cr

Shares of Indiabulls Housing Finance Limited surged about 4percnet intraday on bourses on Thursday morning session, as the mortgage lender plans to borrow Rs26,000-Crores in  the fiscal year 2019 after raising Rs17,300-Crore in last fiscal to meet profit target. Reacting to this development, shares of the company reached to an intraday...
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IOC Surges On Acquiring AbuDhabi Onshore Block

Indian Oil Corporation Limited (IOC) announced in an exchange filing on Monday that it has acquired the Abu Dhabi Onshore block-1. Accordingly, Indian Oil Corporation along with Bharat Petro Resources (BPRL), which is a subsidiary of Bharat Petroleum Corp (BPCL) acting jointly as Indian consortium through Urja Bharat Pte have...