The Indian stock market settled with decent gains on Tuesday, September 9, largely due to solid gains in the shares of Infosys after the IT major’s announcement that its board would consider a proposal for buyback of fully paid-up equity shares on Thursday, September 11.
Infosys alone contributed over 200 points to the gains in the Sensex index which ended 314 points, or 0.39 per cent, higher at 81,101.32. The Nifty 50 settled at 24,868.60, up 95 points, or 0.39 per cent.
Other IT stocks, including TCS, Tech Mahindra, and HCL Tech, also featured among the top contributors to the gains in the benchmarks.
The BSE Midcap and Smallcap indices posted modest gains, ending 0.20 per cent and 0.22 per cent higher, respectively.
Investors earned about ₹1 lakh crore in a single session as the overall market capitalisation of firms listed on the BSE rose to nearly ₹454 lakh crore from ₹453 lakh crore in the previous session.
(This is a developing story. Please check back for fresh updates.)
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