Top stock movers — Wipro, TCS, Infosys, HCL Tech, Future Retail, IRCTC, BHEL and more

Top stock movers — Wipro, TCS, Infosys, HCL Tech, Future Retail, IRCTC, BHEL and more
Indian stock market indices Sensex and Nifty opened in green led by gains in IT stocks and the positive global cues.

The 30-share BSE index Sensex surged 476.45 points, and the NSE Nifty gained over 1.15% at 10:01 am.

Here’s a list of the top losers and gainers in the Nifty pack.
Top Nifty GainersTop Nifty Losers
TCSCoal India
IndusInd BankTitan
*as of October 8, 9:55 am

These are the top stocks in news today.

Wipro shares touch a new high

The shares of IT giant Wipro were trading 5% higher— hitting a fresh over 20-year high on the BSE after the company announced that its board would consider a buyback plan on October 13.

TCS shares gain over 5%

The shares of Tata Consultancy Services (TCS) were trading 5% higher after the company posted robust second quarterly results – with 7% QoQ growth in its consolidated net profit to ₹7,475 crore for the quarter ended September 30. TCS also announced a ₹16,000 crore buyback plan at ₹3,000 per equity share.

Infosys shares trade 4% higher

The shares of IT major Infosys were trading 4% higher after its US subsidiary Infosys Public Services in collaboration with Amazon Web Services (AWS), Couchbase, and Knowi developed the Infosys Health Insights Platform (IHIP). The company said IHIP is an automated data science platform for public health agencies, that will help agencies scale their analytics capabilities and turn massive amounts of data into valuable insights.

Bandhan Bank shares gains over 3%

The shares of the private lender Bandhan Bank were trading 3% higher after it reported stellar growth for the June-September quarter. The bank said its deposits grew 3% YoY and 5% QoQ in the second quarter ended September 30.

IRCTC and BHEL trade over 1% higher

The shares of IRCTC and BHEL were trading over 1% higher after reports surfaced that IRCTC and BHEL are among the 15 private companies that have participated in the bidding process for operating passenger trains in 12 clusters.

Future Retail, Future Enterprises and other Future Group stocks trade in red

The shares of Future Retail, Future Enterprises were trading 5% lower after the e-commerce giant Amazon sent a legal notice to Kishore Biyani-led Future Group for allegedly breaching a non-compete agreement over striking a deal with Reliance Industries (RIL).

SEE ALSO: TCS announces ₹16,000 crore buyback — strong show in Q2 with 7% rise in profit, margins near two-year high
Following TCS’ lead, Wipro announces plans to buyback shares
SBI’s new chief Dinesh Khara shares his stance on restructuring, capital raising, hiring, and more