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Sensex Settles 314 Points Higher, Nifty At 24,869; Infosys Jumps 5% | Markets News

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Indian equities are likely to open on a firm note on Tuesday, tracking mixed global cues

Sensex Today

Sensex Today

Sensex Today: Benchmark indices ended higher on Tuesday, lifted by strong gains in IT stocks—most notably Infosys, which surged after announcing that its board will consider a share buyback on September 11.

The BSE Sensex maintained a positive trajectory through the session and closed 314 points, or 0.4%, higher at 81,101. The NSE Nifty50 advanced 95 points to settle at 24,869.

Infosys emerged as the top gainer among the Sensex 30 pack, rallying 5% to Rs 1,504. The stock alone added 217 points to the benchmark index’s advance.

Global Cues

In Asia, markets showed a mixed trend. Mainland China’s CSI 300 slipped 0.19 per cent, while Hong Kong’s Hang Seng gained 0.3 per cent and South Korea’s KOSPI added 0.49 per cent. Japan’s Nikkei 225 surged 0.9 per cent to a fresh record high, marking a second straight day of gains after Prime Minister Shigeru Ishiba announced his resignation on Sunday.

Overnight, Wall Street indices closed in the green, supported by strength in technology stocks. The Nasdaq Composite hit a new record, ending 0.45 per cent higher, while the Dow Jones gained 0.25 per cent and the S&P 500 added 0.21 per cent. Optimism is building among US investors that the Federal Reserve could cut rates at its meeting next week.

On the commodities front, gold extended its rally past the $3,600 mark for the first time on Monday, highlighting continued investor demand for safe-haven assets.

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Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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