Shares of IT major Infosys climbed as much as 2 per cent to Rs 659 apiece on Monday amid reports the IT major may consider a second share buyback proposal of $1.6 billion (Rs 112.30 billion) in which some founding family members could tender their shares.

The share buyback could happen at around 20-25 per cent premium to the current market price, The Times of India reported. The announcement of the buyback can be a part of the board resolution when it meets on January 11, the report added.

Benchmark equity indices witnessed heavy selloff Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets.

The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754.

Benchmark indices fell sharply in early trade Thursday on weak global cues after the US Federal Reserve raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year.

After opening over 250 points down, the 30-share Sensex was trading 166.63 points, or 0.46 per cent, lower at 36,317.70. The index had ended 137.25 points, or 0.38 per cent, at 36,484.33 Wednesday.

Domestic markets on TUesday opened in red. The benchmark BSE Sensex opened at 36,226.38 and the Nifty50 barometer of the National Stock Exchange (NSE) at 10,850.90. At 9:42, Sensex was at 36,110.47, down by 159.60 (0.44 percent) while Nifty was at 10,841.10 mark.

Among the top losers were Infosys, Wipro, Indiabulls Housing Finance and Yes Bank.

Domestic equity markets on Monday opened in green. The benchamrk BSE Sensex opened 200 points higher while Nifty at 10,856.75. At 9:45, Sensex was at 36,173.90 up by 210.97 (0.59%) and Nifty was at 10,856.45 up by 51.00 points (0.47%).

Mumbai: Benchmark equity indices on Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices.

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71. The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00.

Mumbai: The equity benchmark BSE Sensex on Thursday rose over 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.

Recovery in rupee and positive cues from other Asian markets too influenced investor sentiment here. Rising for the third straight session, the 30-share index was trading higher by 263.70 points, or 0.74 per cent, at 36,042.77.

Mumbai: Indian markets today opened stronger after investors welcomed the quick appointment of new RBI governor, Shaktikanta Das, who is expected to have a more dovish view. Gains in Asian markets on signs of cooperation between the US and China on trade also encouraged risk-taking. At 10.34 am, the Sensex was trading at 35542.98, up 392.97 points, or 1.12%, while the Nifty stood at 10,666.80, gained 117.65 points, or 1.12%.

The domestic stock markets are likely to open sharply lower after RBI governor Urjit Patel’s exit and ahead of the crucial state elections outcome. Mr. Urjit Patel’s resignation as RBI’s Governor may create temporary flutter in the markets that are waiting expectantly to know which way the citizens of 3 crucial Hindi Heartland States have voted, Ajay Bodke of Prabhudas Lilladher said in a note.

Taking cues from the exit poll as well as weak global trends, Sensex on Monday tanked over 400 points while Nifty has given up 10,600 in pre-opening trade. At 9:19, Sensex was in red at 35,169.39, down by 503.86 or 1.41%. The Nifty50 was at 10,550.30, down by −143.40 or 1.34%.

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