Market Wrap: Sensex gains 314 points, Nifty above 24,850 on Infosys buyback optimism, consumer stocks rally
Indian equities closed higher on Tuesday, fueled by Infosys' share buyback announcement, which boosted IT stocks. Optimism surrounding potential GST cuts and growing expectations of a U.S. interest rate reduction further supported market sentiment. The Sensex and Nifty both gained, with IT and consumer discretionary sectors leading the advance.
Indian equities closed higher on Tuesday, fueled by Infosys' share buyback announcement, which boosted IT stocks. Optimism surrounding potential GST cuts and growing expectations of a U.S. interest rate reduction further supported market sentiment. The Sensex and Nifty both gained, with IT and consumer discretionary sectors leading the advance.
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