Deccan Chronicle

SENSEX JUMPS 295 PTS ON GLOBAL CUES

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Mumbai: The BSE benchmark Sensex rebounded by about 295 points to finish at 34,300 and the NSE Nifty reclaimed the 10,500-level today as investor sentiments were buoyed by robust corporate earnings and positive global cues. Investors heavily bought into recently battered power, realty, capital goods and banking stocks amid continued buying by domestic funds and retail investors ahead of inflation data to be released after market hours on Monday. Strong corporate earnings, led by Tata Steel, and a firm trend on other Asian and European bourses following a good show by Wall Street on Friday lifted mood of investors in domestic markets. Crude oil prices were up after sinking on Friday for a sixth straight day and the rupee also appeared to be on the recovery path, adding to revived sentiments. — PTI

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