Today’s Stock Market Closing, 09 Sep: Nifty Extends Winning Streak to 5 Days; Nifty IT Surges Over 2%, Infosys Zooms Almost 5% on Buyback Proposal

On Tuesday, September 9, Indian equity benchmark indices closed in the positive territory, with Nifty 50 extending gains for the 5th straight session, while Sensex closed in green for the 2nd consecutive day. The benchmark indices traded in a tight range during the day, with the Nifty 50 moving within a 78-point range.

At the closing bell, the Nifty 50 ended up by 95.45 points, or 0.39%, at 24,868.60. The Sensex edged up by 314.02 points, or 0.39%, to 81,101.32.

Market sentiment improved on expectations of a US Federal Reserve rate cut this month, resulting in a sharp rally in IT stocks. The Nifty IT index climbed 2.76%, led by a 4.98% surge in Infosys following its share buyback proposal. The bets on US rate cuts, along with rupee depreciation, are providing additional support to the sector. All 10 constituents of the IT index closed in green.

Nifty Auto closed slightly down by 0.02%, following a 3.3% jump in the previous session on prospects of demand revival after tax cuts.

On the sectoral front, 6 of the 11 key sectoral indices ended in positive territory. Meanwhile, broader indices like Nifty Midcap 100 and Smallcap 100 ended in the green. 

Stock-Specific Highlights

Among individual stocks,

• RailTel Corporation of India share price jumped 5.35% on receipt of multiple orders.
• Infosys share price surged 4.98% ahead of the board meeting to discuss the buyback plan.
• MosChip Technologies’ share price slid 10% due to heavy profit booking after rallying 59% in 7 days.

Nifty IT - Top Gainer of the Day

Nifty IT index surged by 2.76%, emerging as the top sectoral gainer. The Nifty IT index surged on Infosys' share buyback proposal. On the flip side, Nifty Realty declined by 0.3%, with 7 of 10 of its constituents ending in the red. 

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Infosys: +55.24 points
• Tata Consultancy Services: +7.44 points
• Dr. Reddy’s Laboratories: +5.89 points

On the other hand, these stocks weighed on the index:

• Eternal: -6.06 points
• Trent: -4.54 points
• Reliance Industries: -3.59 points

Broader Markets Positive

The broader market indices ended in the green on Tuesday, September 9. The Mid-cap 100 index ended up by 0.18%, and the Small-cap 100 index closed higher by 0.34%.

Market Breadth

As of September 8, 2025, the market breadth was slightly tilted towards declining stocks. Out of 3,106 stocks traded on the NSE, 1,486 advanced, 1,514 declined, and 110 remained unchanged. 

A total of 108 stocks touched their 52-week highs, while 43 hit their 52-week lows. Additionally, 93 stocks were locked in their upper circuits, whereas 68 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.