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Tech Mahindra,YES Bank among top stocks that hogged limelight on Dalal Street

Shares of NMDC soared over 4.16 per cent on BSE after the company announced that a meeting of the Board of Directors of the Company will be held on June 07, 2016, inter alia, to consider the proposal for Buy Back of the fully paid-up equity shares of the Company of face value of Rs. 1 each.

BT Online   New Delhi     Last Updated: June 3, 2016  | 16:05 IST
Photo: Reuters

Snapping four session long gaining spree, the S&P BSE Sensex ended marginally in red after reclaiming its crucial psychological level of 27,000 in early trade, while the broader Nifty50 settled the day below its key support level of 8,150.

The headline indices pared all gains to end flat as investors booked profit after market touched its 2016 high after the India Meteorological Department maintained its above-normal monsoon forecast for the year, lifting firms dependant on rural demand.

Key stocks that buzzed in today's trade:

1)Tech Mahindra: Shares of IT major Tech Mahindra traded 0.62 per cent up on BSE after the company posted that it has bagged a Rs 7.5 crores contract from Nevada's Department of Motor Vehicles (DMV) as the prime integrator for a system modernization project.

2)YES Bank: Shares of Private sector lender YES Bank  traded 0.06 per cent up on BSE even as the company is likely to raise Rs 100 crores from overseas investors in the current fiscal as it has recently got government approval for increasing foreign investment to 74 per cent.
 
3)Power Finance Corporation: Shares of PFC declined 0.09 per cent on BSE even after the company announced that it has acquired stake in Shree Maheshwar Hydel Power Corp.

4)NMDC: Shares of NMDC soared over 4.16 per cent on BSE after the company announced that a meeting of the Board of Directors of the Company will be held on June 07, 2016, inter alia, to consider the proposal for Buy Back of the fully paid-up equity shares of the Company of face value of Rs. 1 each.

5)Hindustan Unilever:
Shares of HUL, the country's largest consumer goods company surged over 1.86 per cent on BSE after the company has announced new appointment to Management Committee. Food & Refreshments Biz will now be organised into two Separate Businesses of Food & Refreshments.

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