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25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore -
Rishi Sunak Announces Generational Hike in UK Defence Spending -
Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card
Markets Open Higher On Strong Asian Cues; IT Stocks Lead Gainers
Benchmark indices opened the day strong, led by a rally in Asian markets, with the Japanese Nikkei and the Shanghai Composite, both trading higher.
IT Stocks were leading gainers with Infosys, TCS and Wipro all gaining more than 1 per cent each.
Banking stocks were subdued, ahead of next week's RBI policy. Bank of Baroda and saw a mild reaction to its stock price, after the stock saw a downgrade of its tier II bonds to AA from AAA.
GMR Infrastructure saw some buying interest after reports that one of its group firms have entered into an agreement with its partners to divest 51 per cent stake in a stake in its Karnataka joint venture.
Nifty losers in trade were Vedanta, Lupin, HDFC, Bosch and Cairn India. Tata Motors was down despite reports that the company has won a follow-on contract from the Indian Army to supply 619 units of its high-mobility vehicle (HMV) 6X6 multi-axle truck.
Meanwhile, most Asian markets were trading higher, the rupee opened at 66.90 to the US dollar.
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