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Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Sensex ends higher for the first time in 2014
The Sensex ended the day higher by 33 points (provisional), while the Nifty gained 12 points in trade. Gainers in trade from the Nifty were Coal India which jumped 4 per cent and Gas Authority of India.
In fact, PSU stocks were in the limelight on hopes of interim dividend from these set of companies. Stocks that rallied from the sector were NMDC, Syndicate Bank, and IDBI Bank. Larsen and Toubro which had rallied substantially in trade on Tuesday lost ground and was among the top loser from the Nifty.
Infosys ended the day soft for a second day in a row ahead of the company's results to be declared on Friday. DLF, Wipro and Bharat Heavy Electricals were the other losers in trade.
Maruti Suzuki which hit a 52-week high on Tuesday shed gains on profit booking.
PSU banking stocks were the stars in trade with Bank of India gaining 5 per cent, Syndicate Bank rallying eight per cent and Allahabad Bank also gaining 8 per cent. Most of the PSU banking stocks climbed on meeting of their respective boards to declare interim dividend.
Shares of mining major NMDC rallied after the company said that its production had increased substantially for the quarter ending Dec 31, 2013.
Meanwhile, Asian shares had a solid session in trade with the Japanese Nikkei gaining 2 per cent, while the Hang Sang gained 1.25 per cent.
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