New Delhi, July 17: After Indian key equity indices opened in green on Monday, I-T heavy-weights Wipro and Infosys topped the domestic market through the day. Shares of third largest IT services firm Wipro rose over 3% in the early trade on Monday after the firm on Friday said its board will consider a proposal for buyback of equity shares on July 20. The company, however, did not disclose the size of the buyback. The IT firm had said in a regulatory filing stating, “Wipro Ltd…Board will consider a proposal for buyback of equity shares of the company on July 20, 2017”.
Wipro was up by 3.53 per cent in BSE Sensex while shares of Infosys were up 1.59 per cent. The firm’s board is meeting July 19 and 20, 2017 to also consider Wipro’s first quarter results. BSE Sensex was trading 56 points higher at 32,075.65 while the Nifty50 was at 9,905.85, up 20 points at around 12.30 PM. In the early morning trade, BSE Sensex saw Wipro climbing 2.18 per cent to Rs 265.15, followed by Sun Pharma, Infosys and Cipla 1.17 per cent, 1.10 per cent and 0.93 per cent, respectively.
Reliance Industries continued to hit fresh nine-year high and thus become the most valued company among listed entities. The stock rallied as much as 1.76 percent intraday to hit a high of Rs 1,558, the highest level since January 17, 2008. ITC lost more than 2 percent amid reports that the government may increase cess on cigarettes.
As per details on the BSE website, shares of Wipro were up by 3.55 per cent, Vedanta were up by 2.25 per cent and Mahindra & Mahindra were up 1.79 per cent. These three firms were the top gainers on Nifty 50. The key domestic equity indices opened in the green on Monday after trading low in the last week. 30-scrip BSE Sensex opened 33.23 points higher at 32,089.55 while the broader 50-share NSE Nifty started trading at 9,908.15, up by 21.80 points. Meanwhile, Gold prices were up by Rs 44 to Rs 28,237 per 10 gram in futures trade on Monday as speculators raised their bets amid firm global trend. Gold for delivery in August gained Rs 33, or 0.12 per cent, to Rs 28,029 per 10 gram in 517 lots.