Indices Snap Seven Days Of Winning Run; IRCTC Sheds Close To 11%

Indices after seven days of winning run opened on a somber note. Nifty after scaling above 13500 levels and Sensex hitting 46000 levels for the first time in the previous day trade were down marginally. Sensex in early trade at 9:16 am was down by 104 points at 4599, while Nifty was dragged to 13470, down 0.43 percent.

Indices Snap Seven Days Of Winning Run; IRCTC Sheds Close To 11%

Shares of IRCTC traded as the government shall offload 20% stake in the company via OFS that will open today. RCTC informed the bourses that the promoter is looking 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% in early trade in price.

TCS shares ahead of its buyback offer opening were bought by JP Morgan Funds for Rs. 247 crore. Also, the company 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 apiece. Shares of the company traded lower by 1 percent.

Meanwhile, Asian indices at the time of writing this copy traded negative i.e. Nikkei was down almost 0.33 percent. Also, US stock futures were trading mixed after ending lower on all the 3 indexes.

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