India, Sept. 9 -- India's stock market rose in early trade today, led IT stocks after Infosys Ltd. announced its plans to consider a share buyback, even as hopes of a US Fed rate cut and GST reforms served as tailwinds.

At 11:15 am, the 30-share BSE Sensex was up 0.27% at 81,002.52 points even as broader NSE Nifty 50 was trading 0.25% higher at 24,835.80 points. Seven of the 16 major sectors rose, with the broader mid-caps and small-caps trading little changed.

"The positive news flows around GST cuts and the US Fed rate cut is providing a floor to the market, protecting it from a downside," Dharmesh Kant, head of equity research at Cholamandalam Securities, told Reuters. "It was much needed in the context of uncertainty stemming from U...