Asian markets traded mostly higher on Tuesday, following an overnight rally on Wall Street.
US stock market ended sharply higher on Monday, with the Dow Jones hitting a record closing high, led by a rally in major technology shares.
Here's a table showing how US stocks performed on Monday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 351.28 | 16.59 | 4.96% | 351.97 | 338.81 | 404.44 | 173.88 |
Apple | 281.74 | -2.04 | -0.72% | 288.37 | 279.85 | 317.4 | 199.26 |
Meta | 562.6 | 12.35 | 2.24% | 570.9 | 558 | 796.25 | 520.26 |
Tesla | 411.84 | 32.13 | 8.46% | 413.27 | 379.3 | 498.82 | 288.77 |
Netflix | 73.78 | -0.03 | -0.04% | 76.07 | 73.73 | 134.12 | 70.86 |
Amazon | 240.14 | 7.45 | 3.20% | 252.53 | 233.8 | 278.56 | 196 |
Microsoft | 368.57 | -4.4 | -1.18% | 380.5 | 359.9 | 555.45 | 349.2 |
Dow Jones | 52182.74 | 306.63 | 0.59% | 52311.63 | 51949.54 | 52655.66 | 43340.68 |
Nasdaq | 29774.75 | 656.51 | 2.25% | 29792.63 | 28991.52 | 30762.2 | 22388.09 |
Source: Equitymaster
At present, the BSE Sensex is trading 179 points lower, and the NSE Nifty is trading 67 points lower.
TCS, Tata Steel, HCL Tech, on the other hand, are among the top losers today.
The BSE 150 Midcap index is trading 0.1% lower, and the BSE 250 SmallCap index is trading 0.1% higher.
SIS Approves Fifth Share Buyback Proposal
SIS Ltd. has announced that its Board has given initial approval for a share buyback worth up to Rs. 1,200 million (m) This will be the company's fifth buyback since it was listed in 2017.
After this buyback, the total money returned to shareholders through buybacks and dividends is expected to reach around Rs. 7,200 m. The company has set a maximum buyback price of up to Rs. 478.50 per share, which is 10% higher than its last closing share price of Rs. 435.
The buyback will go ahead only after it receives the required approvals from the Board and shareholders, as per SEBI rules and the Companies Act.
Group Managing Director Rituraj Kishore Sinha said the company has bought back nearly 86 lakh shares since its listing and will continue to return extra cash to shareholders whenever possible. He added that the proposed buyback is expected to improve the company's earnings per share and overall returns.
Yes Bank Board Approves Capital Raising Plan
Yes Bank has received board approval to raise up to Rs 160 billion (bn) through a combination of equity and debt securities.
The bank plans to raise up to Rs 75 bn by issuing equity shares through permitted routes. The total dilution from the equity issue, including any convertible debt securities, will not exceed 10%.
It also plans to raise up to Rs 85 bn by issuing debt securities in Indian or foreign currency. These may be issued in one or more tranches in domestic and international markets. Any convertible debt issued under the plan will also be included within the overall 10% dilution limit.
RITES Signs MoU with CONCOR
RITES has signed a Memorandum of Understanding (MoU) with Container Corporation of India (CONCOR) to provide Project Management Consultancy (PMC) services for developing and improving CONCOR's terminals and other facilities.
Under this agreement, RITES will help CONCOR in planning, designing, and managing infrastructure projects from start to finish. This includes preparing project reports, design work, supervision of construction, quality checks, and overall project management.
The partnership will cover projects such as logistics parks, container depots, rail-linked terminals, warehouses, roads, and related infrastructure.
Both companies aim to use their combined expertise to complete projects faster and improve India's logistics infrastructure.
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