Markets make new records on earnings surge, liquidity

The Sensex went up 205 points to end

at 32,515 and the Nifty 63 points at 10,077 -- both record

closings -- powered by better-than-expected corporate earnings

amid expectations of an interest rate cut by the Reserve Bank.

The rally mirrored strength in most Asian indices.

European shares ruled high too despite lower-than-expected US

economic growth numbers and renewed tension over North Korea's

missile programme.

The 30-share Sensex settled at the new high of 32,514.94,

up 205.06 points, or 0.63 per cent. This has breached the

previous closing record of 32,383.30 hit on July 27.

The gauge had lost 73.42 points in the previous session

on Friday.

The 50-issue NSE Nifty hit an all-time high during the

day. It settled up 62.60 points, or 0.63 per cent, at a fresh

life high of 10,077.10, breaking its previous record of

10,020.65 recorded on July 26.

Shares of Country's largest lender, State Bank of India,

was the top gainer by climbing 4.46 per cent after it slashed

interest rate on savings account deposits by 50 bps to 3.5 per

cent on balance of up to Rs 1 crore.

The RBI is expected to cut interest rate at its policy

meet on Wednesday as inflation dropped to record low. Earnings

optimism also helped.

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