Sensex vaults 213 pts ahead of economic data, earnings

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The stock recovered 1.49 per cent. ICICI Bank, SBI, L&T, Wipro, Bharti Airtel and Asian Paints all added to the broad momentum.

Nifty mid-cap and small-cap indices achieved fresh all-time highs by gaining 1.30 per cent and 0.99 per cent, respectively.

However, gains were capped due to caution over the rising tensions in the Middle East and political uncertainty in Europe.

The Sensex at the BSE closed 213 points or 0.72 per cent higher at 29,788 while the NSE Nifty ended 56 points or 0.61 per cent up at 9,237.

Indian shares rose sharply on Tuesday to snap a three-session losing streak as investors awaited the start of the earnings season.

The barometer index touched a high of 29,804.51 points and a low of 29,570.58 points during the intra-day trade.

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Market breadth was positive with 1,622 advances against 1,102 declines. The quarterly results are going to kick off with Infosys announcing its numbers on Thursday.

Sectoral indices such as IT, oil and gas, capital goods and technology were in the lead, giving the sentiment a lift.

Meanwhile, the foreign funds sold net Rs 716.19 crores yesterday, as per the provisional figure issued by stock exchanges.

The BSE FMCG index surged 1.56 per cent whereas ITC soared 3.16 per cent.

Losers were Bajaj Auto (Rs 2,818.75 a piece), Mahindra & Mahindra (Rs 1,272 a piece), Tata Steel (Rs 492.25 a piece), Reliance Industries (Rs 1,376 a piece), Hindustan Unilever (Rs 922 a piece) and ITC (Rs 273 a piece) trading negative in the range of 0.10% - 0.90%.

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