Market analysts expect India's second largest IT exporter Infosys to announce a share buyback to boost investor sentiment

The total corpus recommended to be invested by 22 daughter fund in technology firms is around Rs 10,906 crore, in which government has proposed to contribute Rs 1,227 crore

Sebi has lined up a slew of relaxations for new-age ventures in sectors like e-commerce, data analytics and bio-technology to raise funds and get their shares traded on stock exchanges.

While shares of Dewan Housing Finance Corporation (DHFL) rallied as much as 7.13 per cent intra-day to Rs 214.85, Indiabulls Housing Finance gained as much as 3.43 per cent to Rs 725 on the BSE. Bajaj Finance stock too rallied 2.33 per cent to Rs 2564.15 level.

How can Walmart correct the wobble in India's best known start-up?

While the Sensex gained 118 points or 0.34% to 35,260, the Nifty rose 0.38% or 40 points to 10,616 level.

The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.

But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp.