Nifty forms bearish candle, fails to hold 11,700; consolidation likely
Tuesday, October 22, 2019, 8:36 PM
The Nifty50, after hitting a three-month high amid consolidation, slipped into the red in the afternoon and closed sharply lower on October 22. The correction in Infosys, Bajaj Finance, auto and metals stocks dragged the market, but banks and FMCG provided some support. The index closed below 11,600 levels after six straight days of gains and formed bearish candle on daily charts.
ONGC share buyback to open from Jan 29-Feb 11
Tuesday, January 22, 2019, 7:08 AM
State-owned Oil and Natural Gas Corp's (ONGC) Rs 4,022 crore share buyback programme will open on January 29 and close on February 11, the company said in its offer letter to shareholders. ONGC's board had on December 20 approved buyback of 25.29 crore shares for Rs 159 apiece as part of the government plan to get cash-rich PSUs to part with their surplus.