Markets gain on earnings optimism, Sensex ends nearly 300 points up; Nifty at 10,585

NEW DELHI: Markets on Tuesday finished in green for the third straight session due to positive earnings optimism. The benchmark BSE Sensex closed 297 points or 0.85 per cent up at 35,162, while the broader NSE Nifty ended 72 points or 0.69 per cent higher at 10,585.

Adani Ports, Mahindra and Mahindra, ONGC and ICICI Bank were among the major gainer on BSE, rising as much as 4.17 per cent. On NSE, Nifty PSU Bank and Realty were the top performing sub-indices, gaining as much as 2.72 per cent.

Brokers said increased buying by investors ahead of quarterly earnings from Infosys and a few other bluechip companies later in the day and a firming trend at other Asian bourses after a week of heavy losses, buoyed trading sentiment.

Infosys shares rose over 1 per cent amid anticipation of the company posting strong results for the September quarter.

"Selling pressure in the market has come down... Results so far are on expected lines. Market is on the recovery path, nothing to read beyond that," Deven Choksey, founder, KR Choksey Investment Managers told news agency Reuters.

(With inputs from agencies)