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Today's Market Session has Ended on Negative . The Sensex Ended at 36010, down 97 points , while the Nifty ended at 10,795, down 27 points .The benchmark indices settled marginally lower on Friday weighed by IT bellwether Tata Consultancy Services and select banking and automobile stocks. Shares of Eveready Industries India rallied 18% to Rs 214 on the BSE in early trade on reports that promoter B M Khaitan is likely to sell the flagship company, a leader in dry cell batteries and flashlights.“The B M Khaitan-led Williamson Magor is selling its flagship Eveready Industries, triggering an auction process for one of the country’s oldest consumer brands,”.“The promoter, which owns 45% in the publicly traded Eveready, is said to have mandated Kotak Mahindra Bank for the potential sale, which could attract the interest of foreign and domestic strategic acquirers as well as private equity buyout specialist,” it added.TCS falls over 2%.IT major Infosys on Friday reported a 29.6 per cent YoY fall in its net profit at Rs 3,609 crore for third quarter of FY19.The company had posted net profit of Rs 5,129 crore in the corresponding quarter last year. On sequential basis, PAT fell 12.18 per cent. The company also announced special dividend of Rs 4 and fixed January 25, 2019 as record date for it and January 28, 2019 as its payment dateIn line with expectations, The company said it would buyback 103,250,000 equity shares, which accounts for 2.36 per cent of the paid-up capital of the company as of December 31, 2018 The buyback size stands at Rs 8,260 crore at a maximum price of Rs 800 per share.
TOP GAINERS: ITC,UPL,LOC
MAJORLOOSERS: TCS,YESBANK,TATAMOTORS
Today's Market Session has Ended on Negative . The Sensex Ended at 36010, down 97 points , while the Nifty ended at 10,795, down 27 points .The benchmark indices settled marginally lower on Friday weighed by IT bellwether Tata Consultancy Services and select banking and automobile stocks. Shares of Eveready Industries India rallied 18% to Rs 214 on the BSE in early trade on reports that promoter B M Khaitan is likely to sell the flagship company, a leader in dry cell batteries and flashlights.“The B M Khaitan-led Williamson Magor is selling its flagship Eveready Industries, triggering an auction process for one of the country’s oldest consumer brands,”.“The promoter, which owns 45% in the publicly traded Eveready, is said to have mandated Kotak Mahindra Bank for the potential sale, which could attract the interest of foreign and domestic strategic acquirers as well as private equity buyout specialist,” it added.TCS falls over 2%.IT major Infosys on Friday reported a 29.6 per cent YoY fall in its net profit at Rs 3,609 crore for third quarter of FY19.The company had posted net profit of Rs 5,129 crore in the corresponding quarter last year. On sequential basis, PAT fell 12.18 per cent. The company also announced special dividend of Rs 4 and fixed January 25, 2019 as record date for it and January 28, 2019 as its payment dateIn line with expectations, The company said it would buyback 103,250,000 equity shares, which accounts for 2.36 per cent of the paid-up capital of the company as of December 31, 2018 The buyback size stands at Rs 8,260 crore at a maximum price of Rs 800 per share.
TOP GAINERS: ITC,UPL,LOC
MAJORLOOSERS: TCS,YESBANK,TATAMOTORS
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