The IT sector led the surge in India, with "Big Three" firms collectively spending approximately ₹30,000 crore.
: $32.1 billion for the full year 2017, the highest of any single issue. J.P. Morgan (JPM) : $15.4 billion for the full year 2017. Citigroup (C) : $14.9 billion for the full year 2017.
: Maintained steady buybacks at approximately $2.5 billion per quarter. Top Companies in India (FY17) list of companies buying back stock 2017
In 2017, stock buybacks reached record levels globally as cash-rich companies sought to return value to shareholders amidst a strong market rally. In India specifically, the number of share buyback offers (50 companies) exceeded the number of initial public offerings (IPOs) for the first time in history. Largest Buybacks by Expenditure (S&P 500)
The Information Technology and Financial sectors dominated buyback activity in 2017. The IT sector led the surge in India,
: Scaled buybacks significantly to $4.0 billion by Q4 2017. Home Depot (HD) : $2.6 billion repurchased in Q2 2017.
Q2 2017 S&P 500 Buybacks Fall 9.8% from Q1, to $120.1 Billion Morgan (JPM) : $15
: Significant increases, reaching $4.9 billion in Q4 alone.