Street signs: Infosys tops buyback price; Bond Street trumps Dalal Street

Bond market investors witnessed heightened turbulence last week, with the 10-year benchmark government security witnessing wild swings on at least three trading sessions

Infosys tops buyback price
 

On Wednesday and Thursday last week, shares of Infosys surpassed the buyback price of Rs 1,150 less than a month after the technology giant concluded its Rs 130-billion share repurchase. However, on Friday, Infosys shares closed a little lower at Rs 1,143 on the BSE. Shares of Infosys are up 10 per cent this month. Post-buyback shareholding data shows, foreign portfolio investors have turned out to be more savvy investors, as their shareholding has increased by nearly 100 basis points (bps) during the December quarter. Mutual funds, on the other hand, have pruned their holdings by