Sensex, Nifty trade in green; Infosys gains 3% on share buyback proposal

Markets regain momentum; Sensex zooms over 300 points; Nifty reclaims 9900-mark

Markets regain momentum; Sensex zooms over 300 points; Nifty reclaims 9900-mark

Finally, the NSE Nifty closed 0.07 per cent or 6.85 points higher at 9,904.15, while the benchmark BSE Sensex settled 0.07 per cent or 24.57 points higher at 31,795.46.

BSE Sensex gained 148 points and NSE advanced 48 points to open at 31,919.17 points and 9,945.55 points respectively.

Shares of Infosys rallied after India's second-biggest software services exporter said it will consider a proposal for buyback of its equity shares at its meeting to be held on August 19.

Mild bouts of buying was witnessed in FMCG, auto, realty, healthcare and consumer durable sectors. It was followed by Jaiprakash Associates (1.48 million), Sintex Industries (1.07 million) and Spicejet (0.88 million).

■ 10.55am: BSE Sensex trades higher by 107 points, or 0.34%, to 31,878, while the Nifty 50 rises 40 points, or 0.40%, to 9,937. Midcaps continued to gain and metals were trading in the green on Thursday.

Kim Jong Un Backs Down In Nuclear Showdown With Trump
But despite this, we hear both the rhetoric of Pyongyang and the statements coming every day from Washington . That threat came last week, escalating already high tensions between Washington and Pyongyang.

The stock hit an intra-day high of 1028 and low of 998 on the BSE. The Nifty has gained by 193.35 points or 1.99 per cent in three trading days.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declining. India VIX closed higher by 1.53% at 11.

Sentiment was also upbeat across global markets with Asian shares advancing as tensions between the US and North Korea came off the boil, although the Federal Reserve's concerns about weak USA inflation weighed on the dollar.

Shares of Coal India ended over 4 percent higher.

Shares of GMR Infrastructure hogged limelight after the Supreme Court of India allowed Delhi International Airport (DIAL) to use airport land for commercial purposes. Hang Seng and Nikkei slipped 0.24 per cent and 0.14 per cent, respectively. Lenders such as Yes Bank Ltd and Axis Bank Ltd among others have also cut interest rates on certain savings accounts.

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