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Infosys surges 6% post Q1 results; market cap crosses Rs 3-trillion mark

Shares of Infosys hit a new high of Rs 1,384 per share, surging 6% on the BSE, in an otherwise subdued market after the company reported an in-line performance for the first quarter ended June 2018 (Q1FY19) and its board approved the issuance of one free share for every share held (that is a 1:1 bonus issue).

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PC Jeweller hits over 2-year low on withdrawal of buyback offer; falls 22%

Shares of PC Jeweller hit an over two-year low of Rs 93.35 per share, falling 22% on the BSE in early morning trade after the company announced the withdrawal of proposed buyback offer due to the non-receipt of the NOC from the its bankers.

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With no relief from Sebi, LIC to make open offer to IDBI Bank shareholders

Insurance behemoth Life Insurance Corporation (LIC) of India will not be given any relaxation from the Securities and Exchange Board of India’s (Sebi’s) takeover code and will have to make an open offer to the stakeholders of state-owned IDBI Bank.

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Indices range-bound, Nifty near 10950; TCS up 3% post results

The benchmark indices are trading in a range with some positive bias on Wednesday despite weakness in their key Asian peers.

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