Sensex soars 193 points; TCS zooms 4 pc

Sensex soars 193 points; TCS zooms 4 pc

Benchmark Sensex surged 193 points to close at nearly five-month high of 28,661.58 today on robust buying in metal and IT counters amid positive global cues.

Sentiment also got a boost after IT major TCS approved a share buyback plan of up to Rs 16,000 crore. The buyback price has been set at Rs 2,850 a piece. Shares of TCS jumped 4.08 per cent to Rs 2,506.50.

The BSE Sensex, after opening a tad higher, quickly slipped into negative terrain to hit a low of 28,419.27 on profit-booking.

But it staged a strong comeback to touch a high of 28,696.53 before settling at 28,661.58, showing a rise of 192.83 points, or 0.68 per cent.

This is its highest closing since September 23, 2016, when it had closed at 28,668.22. The NSE Nifty-50, after shuttling between 8,809.80 and 8,886.25, finally closed 57.50 points, or 0.65 per cent higher at 8,879.20.

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)