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Markets settle the day higher led by IT and pharma stocks

Sun Pharma was the biggest gainer among Sensex stocks, up 4% followed by Maruti, Infy and Tata Steel

Pranati Deva  |  New Delhi 

Benchmark indices settled the day higher, with Sensex closing above 28,300 led by IT and pharma stocks. IT stocks ralled after TCS said its board would consider a share buyback plan at a meeting next week. The buyback, if approved in the board meeting, would be the company's first since its listing in 2004.   Asian markets surging to one-and-a-half year highs thanks to an extended rally on Wall Street and strong US data, also contributed to the gains.   The S&P BSE Sensex settled the day at 28,301, up 145 points, while the broader Nifty50 was ended at 8,778, up 53 points. ...

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First Published: Thu, February 16 2017. 15:35 IST
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