Sensex jumps 267 points on strong earnings and global cues
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The equity benchmark Sensex rallied for the fourth straight session Wednesday, and jumped 267 points, on encouraging second quarter earnings by tech major Infosys and positive global cues.
The 30- share Sensex soared 267.26 points, or 0.76 per cent, to 35,429.74. It had rallied 1,161 points in the previous three sessions.
The broader NSE Nifty was quoting well above the key 10,600-mark. Nifty was up 81.70 points, or 0.77 per cent, to trade at 10,666.45
Traders said the bullish movement was in line with upbeat Asian shares, following overnight gains at the Wall Street coupled with encouraging earnings by Infosys.
Reliance Industries is scheduled to announce its second quarter earnings later in the day.
Reflecting the bullish mood, all the sectoral indices, led by teck, bankex and realty were trading in positive zone with gains up to 1.47 per cent.
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