Key benchmark indices Sensex and Nifty50 are at all-time highs. The BSE benchmark closed at 38,278.75, up by 330.87 points o, while Nifty50 was traded high at 11,551.75, up by 81 points on Monday.
The stocks that buzzed in trade today: Larsen & Toubro: L&T share price went up 6.74% on BSE (NSE +6.68%) ahead of its board meeting to consider share buyback proposal. The BoD of the company will consider the buyback proposal at its meeting scheduled on Thursday, August 23, 2018.
Coal India: Shares of Coal India climbed 1.07% (NSE +1.26%) after reports shown that the govt is planning to sell certain minority stakes in the company. As per media reports, the govt intends to raise Rs 10,000-12,000 crore in the financial year 2019 through minority share sale in the company.
ONGC: Shares of Oil & Natural Gas Corpn (ONGC) rallied 3.34% (NSE +3.65%) after reports of proposal for Initial Public Offering of company’s foreign subsidiary, ONGC Videsh, as per reports.
Infosys Ltd: Infosys stock price went down by about 3.22% (NSE down 2.95%) after company has announced that its Chief Financial Officer M D Ranganath’s resignation.
Ujjivan Financial Services: Shares of Ujjivan Financial Services went up 2% (NSE +1.70%) as Kotak Securities has upgraded the stock to add from reduce rating keeping the target at Rs 420/share.