Sensex Gains 330 Points to 81,117, Nifty at 24,876; IT Stocks Rally on Infosys Buyback Hopes

Mumbai, September 9, 2025: Indian stock benchmarks closed Tuesday on a positive note, with IT and pharma stocks being the top gainers. Hopes of a potential US Federal Reserve rate cut also underpinned sentiment during the day. The BSE Sensex closed 330.10 points, or 0.41%, above at 81,117.40, and the NSE Nifty50 closed 103.80 points, or 0.42%, higher at 24,876.95.

Impelling Factors

Infosys jumped over 4% on the news that it would consider a buyback of shares on September 11, leading to a more than a broad-based rally among IT peers such as Tech Mahindra, TCS and HCL Tech. Pharma shares also moved higher, with Sun Pharma, Cipla, Dr. Reddy’s and Zydus Life leading gains in the Nifty Pharma index, which rose almost 0.5%. However, Nifty Auto saw profit-booking following its recent GST-fueled surge, while some banking stocks faced selling pressure.

Global Cues and Institutional Flows

Global markets gave conflicting indications, with Nikkei, Kospi and Hang Seng trading strong while Shanghai Composite fell. Wall Street’s overnight gains further contributed to the positive sentiment in Indian equities. Institutional flows indicated divergence as FIIs sold equities of ₹2,170.35 crore on Monday, but DIIs took the brunt with net buying of ₹3,014.30 crore. Brent crude futures rose marginally by 0.51% to USD 66.36 per barrel.

Expiry Day Momentum

Weekly derivatives expiry was a cause of volatility throughout the day, although the indices were able to hold up well during the closing session. Market breadth was weak with more falling stocks than rising ones, although smallcaps proved to be quite resilient.

Previous Session Recap

The Sensex on Monday had closed 76.54 points higher at 80,787.30, while the Nifty rose 32.15 points to close at 24,773.15.

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