he equity markets closed higher on Tuesday, with both major indices recording gains. The Nifty 50 ended at 24,877, up 103 points (0.42%), fluctuating between a high of 24,892 and a low of 24,814 during the session. Similarly, the Sensex rose to 81,117, gaining 330 points (0.41%), after reaching an intraday high of 81,181 and a low of 80,927.97.

Positive sentiment in key stocks helped lift the indices, keeping the markets in the green throughout the day.

Although IT stocks like Infosys, Wipro, and Tech Mahindra remain in the top three, the benchmark indices were pulled down by Trent and Eternal.

According to NSE data, 104.82 lakh shares were traded in volume, with a buy quantity of 3,53,974 and a sell quantity of 9,07,838. The total traded value was approximately ₹328.10 crore. MobiKwik's share price surged after the announcement that Abu Dhabi Investment Authority (ADIA), a major shareholder, exited the company through block deals on September 1.

Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, said, “Infosys share buyback lifts sentiments; Nifty ends on a positive note.”

Hariprasad said Markets closed higher, buoyed by strength in IT stocks following Infosys' announcement that its board will consider a share buyback on September 11. The news lifted sector sentiment, pushing the Nifty IT index up over 2%, with Infosys emerging as the top gainer. This optimism helped offset concerns arising from the U.S. administration’s proposed HIRE Act, which could increase compliance costs for Indian IT companies.

“Volatility remained subdued, with the India VIX cooling further to 10.73, signalling a steady market tone. The Indian rupee also recovered, trading stronger against the U.S. dollar after hitting record lows last week. Support came from softer U.S. labour data, which reinforced expectations of a Federal Reserve rate cut, aiding broader Asian currencies as well,” said Hariprasad.

Meanwhile, gold prices surged to fresh record highs amid global uncertainty and falling U.S. Treasury yields. However, the rally in gold pressured jewellery counters, with Titan Company and Kalyan Jewellers edging lower on margin concerns.

Overall, the session reflected improved sentiment, with Nifty regaining momentum on the back of IT-led buying, says experts.