Infinite Computer Solutions slips 2.7%

The board of directors of the company is scheduled to meet today to consider a proposal for buy-back of equity shares. he total traded quantity was 0.76 lakh shares and two-week average quantity is 0.77 lakh.

Jun 23, 2015 04:06 IST India Infoline News Service

Infinite Computer
Infinite Computer Solutions traded on a choppy note ahead of its board meet to consider share buyback. The stock rallied to a high of Rs. 172, and then tumbled into red to a low of Rs. 159 before settling with a loss of 2.7 percent at Rs. 163.10.

The stock has hit a high of Rs. 172 and low of Rs. 159.40 on BSE today. The total traded quantity was 0.76 lakh shares and two-week average quantity is 0.77 lakh.

On Tuesday, the BSE Sensex opened 30-odd points higher at 27,760, but soon slipped into red to touch a low of 27,667. The index, thereafter, rebounded into the positive zone but exhibited choppy movement on account of selective profit-taking mainly selling pressure in select IT heavyweights.

The BSE index rallied to a high of 27,883 - up 216 points from the day's low. The Sensex finally ended with a marginal gain of 74 points at 27,804. In the process, the BSE benchmark has now surged 5.4 percent (1,433 points) in the last eight trading sessions.

The NSE Nifty almost kissed the 8,400, as the index spurted to a high of 8,398 in morning trade. The NSE index eventually ended 28 points higher at 8,382. The Nifty has rallied 5.2 percent (417 points) since 12 June.

The India VIX (Volatility) index declined by nearly 3 percent to 15.0425.

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