News related to the US-China trade talks will also be closely watched, said Ajit Mishra of Religare Broking Ltd.
The m-cap of Reliance Industries Ltd zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore, the most among the frontline entities.
The broader NSE Nifty too rose 70.50 points, or 0.63 per cent, to close at 11,305.05.
The buyback price is more than the double of the current share price, which is ruling at Rs 43.40 on the BSE.
The Tata Consultancy Services scrip declined 3.76 per cent to Rs 1,929 on the BSE.
The 30-share index was trading 414.38 points, or 1.09 per cent, higher at 38,294.78.
LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.
Indiabulls Housing Finance (IBHF) stock tumbled 18.02 per cent to trade at Rs 197 on the BSE.
The 30-share index was trading 170.98 points, or 0.45 per cent, lower at 38,006.97.