Sensex, Nifty overcome flat trend to end positively

Wipro rallies 8% on Rs. 11000-cr share buyback

At 3.30 p.m., the wider Nifty of the National Stock Exchange (NSE) rose by 41.95 points, or 0.42 per cent, to provisionally close at 9,915.25 points. UBS said in a note to clients after the results. The benchmark indices scaled new all-time highs, and also registered fresh closing highs on Monday.

Mumbai: Benchmark Nifty rose 42 points today to end above the key 9,900-level on buying in IT, energy and banking counters.

The Sensex touched a high of 32,057.12 points and a low of 31,859.50 points during intra-day trade.

The Reliance Industries stock hit a 52-week high ahead of its 40th annual general meeting scheduled to begin in nearly an hour from now today.

However, the market breadth closed negative as about 1,425 shares declined against 1,254 advancing shares on the BSE.

Amazing Grace - South African makes major history with round of 62
In truth, Grace's score could have been even better as he missed a number of putts at the start of the back nine. I knew I was obviously playing really well, and making the turn in five under was pretty special.

Reliance Industries JioPhone, cable TV launch, late recovery in other stocks and Wipro's share repurchase lead the domestic markets to close higher on Friday.

Among the 31-share Sensex pack, 23 stocks rose and remaining 8 stocks fell during the week.

"Besides, the company's board announced a share buyback proposal of Rs 11,000 crore entailing 34.3 crore shares at Rs 320 apiece". The most valuable telecom company as of now, Bharti Airtel slipped almost 4% just after the announcement to the day's low of Rs 403 while Idea Cellular fell as much as 7.01% to Rs 88.2 on BSE.

However, ITC ended lower by 14.44 percent, Hero Motoco 1.88 percent, NTPC 1.62 percent and Tata Steel 1.23 percent. That represents a range from a slight fall of 0.5 percent to a 1.5 percent increase over the three months to September 30. Analysts on average expected RIL to post a standalone profit of Rs 7,993 crore, according to Thomson Reuters data.

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