Stock market starts off strong as Sensex surges, Nifty regains 10k mark

Stock of India’s second-largest IT firm Infosys goes up by 1.23% to Rs 935 after the company said it has fixed November 1, 2017, as the record date for its up to Rs 13,000- crore share buyback programme.

The market made a strong start today as the benchmark Sensex surged 111 points, mainly driven by domestic investors and aided by positive Asian shares.

The 50-share Nifty gained 30.55 points, or 0.30%, at 10,019.30. (PTI File Photo)

Moreover, the broader NSE Nifty reclaimed the key 10,000 level.

Extending its rally, the 30-share index advanced 110.72 points, or 0.34%, to 31,957.61. Sectoral indices such as capital goods, metal, IT and healthcare moved in the positive zone, rising by up to 0.83%.

The gauge had gained 254.86 points in the previous two sessions.

The 50-share Nifty gained 30.55 points, or 0.30%, at 10,019.30.

Uninterrupted buying by domestic financial institutions and widening of exposure by retail investors ahead of second quarter earnings season amid a firming trend in the Asian region steered the show, according to traders.

Stock of India’s second-largest IT firm Infosys went up by 1.23% to Rs 935 after the company said it has fixed November 1, 2017, as the record date for its up to Rs 13,000- crore share buyback programme.

Hong Kong’s Hang Seng was up 0.04% and Japan’s Nikkei rose by 0.38% in early deals. China’s Shanghai Composite, however, dropped 0.15%.

US Dow Jones Industrial Average ended 0.06% down on Monday.