GST Council's approval to law for compensation to states and positive global cues also supported the market that gained strength in afternoon trade after consolidation in morning. The broader markets smartly outperformed benchmarks, rising over a percent on positive breadth. The Nifty Midcap ended at record closing high. About two shares advanced for every share falling on the exchange. TCS shares rallied 4 percent after the IT major has announced buyback of up to 5.6 crore equity shares (representing 2.85 percent of total paid up equity capital) at Rs 2,850 apiece, aggregating up to Rs.16,000 crores. The rally also spilled over to other peers - Infosys was up 1.2 percent and HCL Technologies gained 0.5 percent.
Domestic And Global Cues Charging Market
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