The Indian stock market closed on a strong note today (September 9, 2025), thanks to renewed buying interest in Infosys and IT shares, which pushed benchmark indices higher.
🔑 What Moved the Market?
- Infosys Buyback Buzz
Infosys became the star of the day after announcing that its board will consider a share buyback proposal on September 11. This news sent the stock soaring over 4–5%, sparking optimism across the IT pack. - IT Sector Leads the Charge
The rally wasn’t limited to Infosys. Other tech majors like Wipro, Tech Mahindra, and HCL Technologies also posted healthy gains. With global cues remaining supportive, the Nifty IT index outperformed broader markets. - Global Tailwinds
Investors also cheered expectations of a potential US Federal Reserve rate cut, which could ease liquidity concerns and boost foreign inflows into emerging markets like India.
📊 Market Snapshot
- Sensex: Up 314 points, closing near 81,100
- Nifty 50: Gained 95 points, ending at 24,868.60
- Nifty IT Index: Among the top-performing sectors of the day
🚀 Stock Spotlight
- Infosys: Jumped 4–5% on buyback buzz
- HCL Tech: Climbed nearly 1.8%, outperforming peers
- ICICI Bank: Ended flat with a marginal 0.05% uptick
- Bharti Airtel: Up 0.33% but underperformed the benchmark
- Eightco Holdings: The surprise of the day—this penny stock skyrocketed nearly 5,600% intraday, turning a ₹1 lakh investment into ₹57 lakh for lucky investors.
🏦 Sectoral Performance
- Winners: IT, Pharma, and selective Banking stocks
- Laggards: FMCG and Energy names witnessed mild profit booking
💡 What Should Investors Watch Next?
- All eyes are now on Infosys’ board meeting (Sept 11) for clarity on the buyback size and pricing.
- US Fed policy hints in the coming weeks could set the tone for foreign flows.
- IT sector earnings and demand outlook will be key to sustaining this rally.
📌 Bottom Line
Today’s rally was driven by optimism in IT stocks, led by Infosys’ buyback buzz. While the broader indices gained, the spotlight firmly stayed on technology shares. For investors, this is a reminder that sector-specific triggers can move the market sharply even in a cautious global environment.
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