Stock market today: Nifty50 ends above 24,850; BSE Sensex up over 300 points

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, ended in green after a rally driven by IT sector gains and anticipated US Federal Reserve rate reduction this month.The NSE Nifty increased by 95.45 points or 0.39 per cent to 24,868.60, marking its fifth consecutive positive session. The BSE Sensex gained 314.02 points or 0.39 per cent to close at 81,101.32, after reaching a day's high of 81,181.37.Among Sensex companies, Infosys saw a 5.03 per cent increase after announcing its board would evaluate an equity shares buyback proposal on September 11. Other gainers included Tech Mahindra, Adani Ports, HCL Tech, Tata Consultancy Services and Bajaj Finserv.Conversely, Trent, Eternal, UltraTech Cement and NTPC experienced declines.Asian markets showed mixed results, with gains in South Korea's Kospi and Hong Kong's Hang Seng, whilst Japan's Nikkei 225 and Shanghai's SSE Composite declined. European markets displayed varied performance, whilst US markets finished higher on Monday."Markets closed higher on Tuesday, buoyed by strength in IT stocks following Infosys' announcement that its board will consider a share buyback on September 11. The news lifted sector sentiment," stated Hariprasad K, Research Analyst and Founder - Livelong Wealth.FIIs sold equities worth Rs 2,170.35 crore on Monday, whilst DIIs purchased stocks valued at Rs 3,014.30 crore, as per exchange data.The global oil benchmark Brent crude increased 0.80 per cent to USD 66.55 a barrel.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)