People watch share prices on a digital broadcast outside the Bombay Stock Exchange (BSE) in Mumbai on October 11.(Kunal Patil/HT Photo)
People watch share prices on a digital broadcast outside the Bombay Stock Exchange (BSE) in Mumbai on October 11.(Kunal Patil/HT Photo)

Sensex reclaims 35,000-mark; rises 300 points on earnings optimism

Rising for the third straight session, the 30-share index gathered 218.81 points, or 0.63 per cent, to 35,083.91 with all the sectoral indices led by auto, realty, consumer durables, capital goods and bankex trading higher by up to 1.15 per cent.
Mumbai | By Press Trust of India
UPDATED ON OCT 16, 2018 04:59 PM IST

The BSE Sensex on Tuesday surged 297 points to went past the key 35,000-level, continuing its winning-run for the third straight day amid optimism ahead of quarterly earnings from heavyweights and recovery in the rupee.

Meanwhile, the rupee strengthened by 25 paise to 73.58 (intra-day) against the US dollar in the forex market.

Besides, easing global crude prices and positive cues from Asian markets and a higher opening in european shares too fuelled the rally. Brent was trading 0.25% lower at US $80.58 a barrel on Tuesday.

The 30-share Sensex stayed in the positive zone during the session and shuttled between 35,215.79 and 34,913.06, before settling 297.38 points or 0.85% higher at 35,162.48.

The NSE Nifty after regaining the 10,600-mark hit a high of 10,604.90 on the back of widespread gains, and finally concluded 72.25 points or 0.69% higher at 10,584.75.

Companies like Infosys and Hero MotoCorp are slated to announce their financial results Tuesday. Domestic institutional investors (DIIs) bought shares worth Rs 294.78 crore, while foreign institutional investors invested Rs 67.86 crore on Monday, as per provisional data issued by the stock exchanges.

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