Stocks That Were In News On December 16, 2015

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The 30-share benchmark index ended the trade at 25494.37 higher by 173 points, while the NSE Nifty was at 7750.90, up by 50 points.

On the global front, markets across Asia ended sharply higher, while most of Europe was trading with marginal gains.

Stocks That Were In News On December 16, 2015

LIC Housing

The company's board approved the proposal to acquire upto 19.3% in the paid up Equity Share Capital of LIC Nomura Mutual Fund Asset Management Company Limited for a consideration not exceeding Rs. 2736 lakhs and upto 19.3%.

The stock ended the trade at Rs 479, higher by 1.93 per cent on NSE. It touched na intra-day high of Rs 481 during the trade.

Thomas Cook

Travel firm Thomas Cook (India) has said that it has received approval from competition watchdog CCI for its acquisition of rival Kuoni Travel.

The stock ended the trade at Rs 202, higher by 1.38 per cent on BSE. The stock touched an intra-day high at Rs 205 during the trade.

Infosys 

Infosys saw good buying support after the company said that Hong Kong's Fubon Bank has selected Finacle as its core banking platform.

The stock ended the trade at Rs 1090, higher by 1.22 per cent on BSE. The stock touched an intra-day high at Rs 1097during the trade.

Wipro

Wipro on the other hand dropped after reports that rains in Chennai will affect the company's Q3 revenues.

The stock ended the trade at Rs 556, lower by 0.38 per cent on BSE. The stock touched an intra-day high at Rs 559 during the trade.

Mahindra and Mahindra

Shares in Mahindra and Mahindra fell more than 4 per cent after the ban on diesel vehicles with more than 2000 cc in Delhi.

The stock ended the trade at Rs 1219, lower by 5.08 per cent on BSE. The stock touched an intra-day low at Rs 1210during the trade.

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