Indian equity markets opened with selling pressure in Thursday’s session, tracking subdued global cues. The BSE Sensex traded 0.53 percent lower at 45,859 while the NSE Nifty 50 index traded the mark below 13,500 - down 0.51 percent at 13,453 at 9.35 am.
Sectoral indices too have opened flat. The Nifty Bank index is down 0.5 percent while the PSU Bank index has opened 0.8 percent lower. Nifty I.T. and Nifty Media are down 0.5 percent each. Other indices are flat.
Shares of IRCTC traded as the government shall offload 20 percent stake in the company via Offer For sale rout that will open today. RCTC informed the exchanges that the promoter is eyeing to sell 2.4 crore equity shares of IRCTC with an option to sell an additional 80 lakh shares at a price of Rs 1,367 per share. The shares lost close to 11 percent in early trading price.
TCS has announced that its buyback shall begin from December 18 and end on January 1, 2021. The shares were up by a tad at Rs. 2818.90. Wipro shares will also turn ex-date today for the Rs. 9500 crore buyback offer. The IT major plans to buy back 23.75 crore shares at Rs 400 per share. Shares of the company traded lower by 1 percent.
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Heritage Foods sells its entire holding in Future Retail for Rs 132-cr
TCS share buyback: Rs 16K cr offer to open on December 18