Stock Market Highlights: Sensex ends 314 pts higher, Nifty tops 24,850 on

INFY

buyback buzz

Indian equities closed higher for the second straight session on Tuesday, driven by strong gains in IT stocks after Infosys announced plans to consider a share buyback. Optimism around potential GST cuts in consumer discretionary sectors and rising expectations of a U.S. interest-rate cut later this month further boosted investor sentiment. The S&P BSE Sensex gained 314 points (0.39%) to settle at 81,101, while the NSE Nifty 50 advanced 95 points (0.39%) to close at 24,869. On the Sensex,

, a, s, h, and led the rally, rising between 1% and 5%. The IT index jumped 2.8%, with Infosys surging 5% ahead of its September 11 board meeting to discuss the buyback proposal. Rate-cut bets gained traction after U.S. August payroll data came in weaker than expected, fueling hopes of a Federal Reserve cut at the September 16–17 policy meet. In the broader markets, the small-cap index rose 0.3%, while the mid-cap index edged up 0.2%. Top Reads Wary of startup IPOs? Urban Company offers what Swiggy, Zomato, or Paytm couldn’t Gold hits all-time high of ₹1.10 lakh/10g in futures trade Top Trades of the Day s surges 4% ahead of buyback board meet RailTel rallies 5% on ₹700 crore work orders MosChip Tech tumbles 10% after 59% rally in 7 days — buy the dip?