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Sensex Soars 193 Points; TCS Zooms 4 Percent

Benchmark Sensex surged 193 points to close at nearly five-month high of 28,661.58 on Monday on robust buying in metal and IT counters amid positive global cues.

Updated:February 20, 2017, 4:31 PM IST
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Sensex Soars 193 Points; TCS Zooms 4 Percent
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Mumbai: Benchmark Sensex surged 193 points to close at nearly five-month high of 28,661.58 on Monday on robust buying in metal and IT counters amid positive global cues.

Sentiment also got a boost after IT major TCS approved a share buyback plan of up to Rs 16,000 crore.

The buyback price has been set at Rs 2,850 a piece. Shares of TCS jumped 4.08 per cent to Rs 2,506.50.

The BSE Sensex, after opening a tad higher, quickly slipped into negative terrain to hit a low of 28,419.27 on profit-booking.

But it staged a strong comeback to touch a high of 28,696.53 before settling at 28,661.58, showing a rise of 192.83 points, or 0.68 percent.

This is its highest closing since September 23, 2016, when it had closed at 28,668.22.

The NSE Nifty-50, after shuttling between 8,809.80 and 8,886.25, finally closed 57.50 points, or 0.65 percent higher at 8,879.20.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Bijaya Das
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