Sensex up over 300 points, reclaims 35,000-mark; Nifty nears 10,600

NEW DELHI: Markets on Tuesday opened higher with the benchmark BSE Sensex rising over 150 points to reclaim the psychological 35,000-mark. The 30-share BSE index rose 174 points at 35,039, while the broader NSE Nifty gained 49 points at 10,562.
Soon after opening higher, Sensex soared nearly 300 points ahead of quarterly earnings from some bluechip companies.

At 10:21 am: Sensex surged 302 points at 35,167; Nifty nears 10,600

Asian Paints, IndusInd Bank, Adani Ports, ONGC and ICICI Bank were among the top performing stock on BSE, rising as much as 2.84 per cent.

On NSE, sub-indices Nifty Pharma and IT were leading the pack, surging as much as 2.61 per cent.

Both the indices had closed higher for a second straight session on Monday, after recovery led by IT stocks benefiting from a depreciating rupee, while consumer discretionary stocks capped the gains.

Investors mood remained cautious due to depreciating rupee on rising crude oil prices and a subdued trend at other Asian markets, following worries over Sino-US trade dispute.

(With PTI inputs)