Overview

• In a regulatory filing, Infosys said its board will consider a share buyback on September 11 under SEBI’s buyback rules, with the final decision to be disclosed after the meeting.
• Infosys jumped about 5% to roughly Rs 1,505 as the Nifty IT index rose around 2–2.5%, helping the Sensex close up 314 points and the Nifty finish at 24,868.60.
• If approved, this would be the first repurchase since 2022, when Infosys executed an open-market buyback of about Rs 9,300 crore.
• Analysts cited growing expectations of a US Federal Reserve rate cut next week and recent rupee weakness as tailwinds for Indian IT exporters and sector sentiment.
• Stock-specific action included RailTel, which gained after announcing Bihar Education Project Council orders worth about Rs 713.5 crore for digital learning infrastructure.