Sensex ends 331 points up to reclaim 35,000-mark, Nifty above 10,550

NEW DELHI: Markets on Tuesday turned positive to recover most of the losses posted a day before after the better-than-expected macroeconomic data. Easing global crude oil prices, which slipped below the $70 a barrel-mark and recovery in the rupee also uplifted the investor sentiment. The benchmark BSE Sensex surged more than 300 points to reclaim the 35,000-mark, while the broader NSE Nifty stayed above 10,550.

Sensex surged 331 points or 0.95 per cent to 35,144, while Nifty gained 100 points or 0.96 per cent to 10,582.

On the BSE index, NTPC, ICICI Bank, Axis Bank, Reliance Industries and HDFC were among the top performers, up as much as 2.78 per cent. On NSE, sub-indices Nifty Pvt Bank and Financial Service outperformed, rising as much as 1.16 per cent.

Retail inflation fell to a year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items, official data released on Monday showed. Industrial production grew at the slowest pace in four months at 4.5 per cent in September mainly due to poor performance of mining sector and lower offtake of capital goods. The industrial production or factory growth measured in terms of Index of Industrial Production (IIP) was 4.1 per cent in September 2017.

Meanwhile, the rupee recovered by 29 paise to 72.60 against the US currency in early trade on Tuesday.