The guidelines set by the Department mandate that companies worth Rs 2,000 crore, and cash and bank balance more than Rs 1,000 crore have to mandatorily buy back shares.

The Sensex and Nifty recovered in trade today led by strong buying in metal stocks amid mixed global cues. While the Sensex rebounded by about 96 points to end at 34,427, Nifty closed at 10,565, up 39  points, or 0.37 per cent. Investor sentiment was optimistic ahead of quarterly earnings of some key companies, including TCS.Tata Steel, YES Bank and Bharti Airtel were the top Sensex gainers. Aluminium prices on the London Metal Exchange surged 5 percent to their highest in almost...

Investor sentiment was optimistic ahead of quarterly earnings of some key companies, including TCS. Overseas, Asian stocks rose, building on gains a day earlier, even as oil prices climbed to three-and-a-half year highs. Tata Steel (3.17%), YES Bank (2.83%) and Bharti Airtel (2.64%) were the top Sensex gainers.

Canada, the biggest supplier of steel and aluminium to the United States, said it would retaliate if hit by US tariffs. The developments and a possible trade war between the nations led to global criticism of the US President's move and a slide in world stock markets.

Earlier, the Sensex hit an all-time high of 34,488 level intra day. Nifty too touched lifetime high of 10,659 in trade today.