Benchmarks end sharply higher; IT shares rebound
Mumbai, Oct. 13 -- The key equity indices ended with substantial gains on Tuesday, supported by a stronger rupee following recent Reserve Bank of India measures and a decline in Brent crude prices, although oil remained above $100 a barrel. The Nifty closed above 22,700 level.
Market participants will monitor global cues, key US inflation data, the ongoing September-quarter earnings season and foreign institutional investors (FII) flows.
Barring Pharma index all the sectoral indices on the NSE were traded in green with IT, realty and auto shares leading the rally.
As per provisional closing data, the S&P BSE Sensex jumped 1,109.10 points or 1.54% to 73,033.78. The Nifty 50 index climbed 358.60 points or 1.60% to 22,721.95.
In the broa...
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