Mumbai, Sep 9
Benchmark indices closed with steady gains on Tuesday, driven largely by a strong rally in IT stocks, with Infosys leading the charge after the company announced that its board will consider a share buyback on September 11.
Infosys emerged as the top gainer among the Sensex 30 shares, jumping 5 per cent to Rs 1,504 and alone adding 217 points to the index.
On the currency front, the rupee gained 0.18 per cent to close at 88.14 against the US dollar.
Market experts said the currency benefitted from a weaker dollar amid expectations of a US Federal Reserve rate cut.
Additionally, gold traded positive with gains of 0.50 per cent at $3654 on COMEX and 0.69 per cent at Rs 1,09,250 on MCX as prices factored in the highly expected Fed rate cut after weak jobs and payroll data, Trivedi added.