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Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

SI Reporter / New Delhi 10 Oct 17 | 03:34 PM

The benchmark indices settled higher on Tuesday, with Infosys gaining after its shareholders approved a buyback plan while Lupin rose after winning US approval for its hypertension drug.

However, broader gains were limited as investors hedged their bets before corporate results kick in this week. Software bellwether Tata Consultancy Services reports on Thursday and index heavyweight Reliance Industries on Friday.

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The July-September earnings will be viewed as a gauge to determine whether the current high valuations hold ground after a record-setting rally this year.

Overseas, world shares ground out a fresh record high, making it almost 50 for the year, although Europe tread cautiously as markets waited to see whether Spain’s Catalonia region would push for independence later in the day.

Japan and South Korea returned from extended breaks to give Asia a lift, but the Catalan uncertainty meant it was a lower start for the euro zone’s main bourses and for Spanish bond markets.

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Company Price Gain (%)
Kotak Mah. Bank1,329.450.70
IndusInd Bank1,967.100.65
HDFC Bank2,093.950.58


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