Domestic equity markets closed Friday’s rangebound trade session on a flat note with marginal gains. Market aided by robust buying in IT blue chips like Tata Consultancy Services and Infosys. Shares of IT giant TCS gained over 3 per cent after it approved a share buyback program of Rs 16,000 crore. TCS will be repurchasing about 7.61 crore equity shares. BSE Sensex rebounded over 200 points from day’s low to close at 35,622.14 points with gains of 0.06 per cent. On the National Stock Exchange, the Nifty50 ended 0.09 per cent higher at 10,817.70 points.
Out of 2,786 trading companies on the BSE, 1,535 declined as compared to 1,101 advances indicating a bearish trend in the market. Among the sectoral indices, the IT index gained the most at 2.24 per cent, followed by the healthcare index by 1.88 per cent. The Tech index by 1.83 per cent. On the other hand, metals, banks, capital goods, auto, and oil and gas indices slumped. Among gainers on the BSE were Infosys, TCS, Dr Reddy’s Lab, Sun Pharma, Reliance Industries, Kotak Bank and Hindustan Unilever. Yes Bank, ONGC, SBI, Coal India, NTPC, Mahindra and Mahindra, Larsen and Toubro and ITC closed with losses over 1 per cent.
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