Sensex bounces 291 pts on earnings, rally in European shares

Market benchmark Sensex rebounded 291

points today, its biggest single session gain in nearly 6

weeks, to end at a two-week high of 29,656 ahead of RIL

quarterly results, coupled with positive global cues.

Also, the NSE Nifty regained the 9,200 mark.

European markets traded higher as investors cheered the

news of 'market-friendly' Emmanual Macron squaring off with

leading far-right candidate Marine Le Pen in the French

presidential election, which supported the recovery here.

The 30-share Sensex stayed in the positive terrain

through the session on the back of persistent buying and

shuttled between 29,681.33 and 29,392.99 before settling up

290.54 points, or 0.99 per cent, at 29,655.84, a level last

seen on March 11.

The gauge had lost 57.09 points on Friday largely on

profit-booking amid mixed global cues.

The NSE Nifty reclaimed the 9,200-mark by surging 98.55

points, or 1.08 per cent, to close at 9,217.95 after moving in

a range of 9,225.40 and 9,130.55.

Better-than-expected earnings posted by private lender

HDFC Bank last week buoyed trading sentiment, traders said.

The rupee notching up gains against the dollar also added

to the winning run.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)