Future BTST

Nifty futures: The broadly traded instrument in the market

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Nifty futures are index futures wherein the underlying is the Standard & Poor (S&P) CNX Nifty index. In India, index futures trading began in 2000 on the NSE. The Nifty futures contracts are rooted in the popular benchmark Nifty-50 Index. Nifty futures have a high position in the Indian derivative world.   Nifty futures is the most largely traded instrument, whereby making it the large amount liquid contract in the derivative market.

In Nifty futures contracts, the standard lot size is 50 or its multiplies.  Resembling to other futures contracts, Nifty futures contracts also have a 3-months’ trading cycle i.e. the ‘near month’, ‘next month’ and the ‘far month’. To succeed in this trade, traders are to follow proper  ‘Nifty Future Tips’ or ‘Nifty Stock Option Tips’. The nifty future tips covers information of nifty market trends, nifty calls and the other factors related the trades.  Once you get acquainted with Nifty futures trading, you can be actively involved in the Nifty Futures trading. For this reason, Money Maker Research, the top market researcher provides intraday calls helping our customers to minimize the risks and also provide the traders the different strategies helping them to accomplish the nifty trade targets. It also provides Stock Option Tips, Call Put option tips, Stock cash tips and more.

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HCL Tech proposes share buyback offer at Rs 1000 per share

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HCL Stocks, Stock in the newsIndian multinational IT service company, HCL Technologies Limited, proposes share buyback offer at Rs 1,000 share apiece, at 17 percent premium for Rs. 3,500 Cr, on a proportionate basis via a tender offer process, HCL Technologies said in a regulatory filing.

The buyback size is Rs. 3500 Cr, representing 16.39 percent and 13.62 percent of the aggregate of the fully paid up equity share capital and free reserves as per the standalone and consolidated audited accounts for the fiscal ended 31 March 2016, said HCL. Buyback offer price is 17 percent higher than the present trading price of the stock at Rs. 852.35/ share.

The IT companies across India have been under stress to return excess cash on their books to shareholders via generous dividends and buybacks. India’s largest software company TCS (Tata Consultancy Services Ltd) also announced its Rs. 16,000 Cr, mega buyback offer, earlier this month, which is currently in progress. Infosys Limited has also announced its capital allocation policy to return up to Rs. 13,000 Cr, this fiscal through dividend plus buyback.