BSE rises by 336.44 points on firm global cues

Among key domestic events during the week, the Government promulgated an ordinance to amend the Insolvency and Bankruptcy Code, 2016, that aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the code.

Nse Nifty also rose 106.10 points to settle at 10,389.70. BSE Sensex and NSE Nifty logged gains in all five trading sessions of the week.

The BSE Mid-Cap advanced 1.56 percent. BSE Small-Cap rose 2.38 percent  Both the indices outperformed the Sensex.

Key benchmark indices settled with tiny gains on Monday, November 20 2017, after a range-bound and lackluster session of trade amid mostly lower global stocks. Sensex rose by 17.10 points to settle at  33,359.90.

Key benchmark indices settled with modest gains on Tuesday, November 21, 2017 as firmness in global stocks underpinned sentiment. The Sensex advanced 118.45 points to settle at 33,478.35.

Key benchmark indices settled with small gains on Wednesday, November 22, 2017 after a range bound trade as firmness in most global stocks underpinned sentiment. The Sensex advanced 83.20 points to settle at 33,561.55. 

Key benchmark indices settled with tiny gains on Thursday, November 23, 2017, after range bound trading session as the Government constituting a task force to review the Income-tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country supported gains on the bourses. The Sensex had risen 26.53 points to settle at 33,588.08.

Benchmark indices settled with modest gains on Friday, November 24 2017, as Government promulgating the ordinance to amend the Insolvency and Bankruptcy Code, 2016 perked up sentiment. The Sensex rose 91.16 points to settle at 33,679.24 

Reliance Industries advanced 4.38 percent at Rs 949.50. The company said that it has issued and allotted on private placement basis the sixth tranche of unsecured, non-convertible, redeemable debentures aggregating to Rs 2500 crore. 

The debentures shall be redeemed at par on 24 December 2020. Coupon rate is 7.07 percent per annum. The announcement was made during market hours on Wednesday, November, 22 2017.

IT major Infosys rose 4.02 percent at Rs 1,009.95. The company's Rs 13000 crore buyback offer will open on 30 November 2017 and end on December 14, 2017. The offer will see the company buying back over 11.30 crore shares at Rs 1150 each. The announcement was made after market hours on Friday, November 17, 2017.

Cipla was up 1.2 percent at Rs 615.95 Bharti Airtel rose 0.56 percent at Rs 496.30.

Engineering and construction major Larsen & Toubro (L&T) fell 0.41 percent at Rs 1,216.30. TCS lost 0.79 percent at Rs 2,688.75.

Software major Wipro declined 0.75 percent to Rs 292.55. The company's Rs 11000 crore share buyback offer will open on 29 November 2017 and end on 13 December 2017.

The offer will see the company buying back over 34.37 crore shares at Rs 320 each. The announcement was made after market hours on Friday, November 17 2017. 

Dr Reddy's Laboratories dropped 1.13 percent to Rs 2,298.70. The company said that it has received the establishment inspection report (EIR) from the US drug regulator for its manufacturing facility at Duvvada, Vishakhapatnam, Andhra Pradesh after the audit conducted in March.