ABB India, a leading player in power and automation technologies, witnessed a sharp rally in share prices on Tuesday. Swiss engineering giant ABB said it would buy back USD 4 billion of shares.

Shares of the company settled at Rs 1,147.80, up Rs 36.25, or 3.26% at the Bombay Stock Exchange (BSE) on Tuesday. The scrip has touched an intra-day high of Rs 1,225.55 and low of Rs 1,105.35. The total volume of shares traded at the BSE is 93,741.