Stock Market
Sensex, Nifty slip but PSU banks, metal stocks help markets recover
Mumbai/IBNS: The Indian stock market ended on a low after Sensex and Nifty experienced volatile trading during the daytime on Friday.
The BSE Sensex settled at 83,216.28, 94.73 points lower than where it had started at the opening bell.
At the closing, Nifty 50 settled at 25,492.30, crashing 17 points after a correction from the daytime mayhem.
The market recovered by closing heavily due to the gains in PSU banks, metal and financial stocks though IT and FMCG stocks dragged down.
Bajaj Finance, Tata Steel, Bajaj Finserv, M&M and ICICI Bank were among the gainers in BSE Sensex.
Bharti Airtel, Tech Mahindra, Reliance Industries were among the losing stocks.
Infosys announces record date for share buyback of Rs. 18,000 crore
India's second-largest IT company Infosys on Thursday announced the record date for its upcoming equity share buyback of Rs. 18,000 crore.
The company has booked November 14 as the record date.
This is the company's second biggest buyback in its history. It was approved by the Infosys board on September 11.
Earlier in 2022, the company had conducted a buyback worth Rs. 9,300 crore.
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