Sensex jumps 154 points in early trade

Sensex jumps 154 points in early trade

The Nifty has gained by 193.35 points or 1.99 per cent in three trading days. Sensex was up by 74 points or 0.23% at 31,844 while the wider NSE Nifty was up by 48 points or 0.49% at 9,945.55 after the key indices logged their biggest gain since July 10 on Wednesday. Banks continued to be under pressure at the opening bell. Along with this, value buying on the back of decline on Wednesday could have boosted investors' interest in the stock. Sify Editors @ 10:25 AM:Trading window on Infosys closedInfy has suggested that it could consider a buyback proposal of equity shares at a meeting to be held on August 19.

A share buyback is repurchase of a company's outstanding shares that reduces the number of shares in the open market. Infy said in official communication that as per its current policy, dividends of up to 50% of post-tax profits of a financial year are possible.

The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 5.60 points at 9902.90. At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,897.30 points, was quoting at 9,924.60 points, up by 27.30 points or 0.28 per cent.

Other than IT, metal stocks also witnessed buying today. Collectively these stocks added 40 points in the Sensex rise.

Microsoft Surface Has Lots of Reliability Issues, Claims Consumer Reports
Consumer Reports also said that it "cannot recommend any other Microsoft laptops or tablets" due to reliability issues. For Consumer Reports , it's not the first time the outlet has made waves with a major hardware company.

United States stocks ended slightly firmer on Wednesday but off the day's highs as worries mounted over President Donald Trump's agenda and minutes from the latest Federal Reserve meeting suggested policymakers are anxious about weak inflation.

BSE Mid-cap index closed lower by 0.35% at 15,228.

Nifty too was leading in the green by 0.25% to 9921.80. The major gainers of BSE Sensex on Thursday during early morning trade were Infosys at 1008.50 up followed by Reliance, Tata Steel and Bharti Airtel with 1589.90, 635.35 and 409.70 points up.

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