Infosys’ share buyback announcement has historically boosted its stock performance, raising investor optimism. On Tuesday, Infosys shares surged 5% following the buyback declaration, with the Nifty IT index climbing 2.8%. This marks the IT firm’s fifth buyback, aiming to counter a 20% stock decline this year amid US slowdown worries.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall