Closing Bell: Sensex ends 159 points higher, Nifty at 10,685; Infosys up 3%

It’s a green close for the market on Tuesday, with the Nifty ending well above 10,650-mark.

A rally among PSU banks, energy names as well as IT boosted the market. In the broader market, the Nifty Midcap index ended over half a percent higher.

At the close of market hours, the Sensex ended up 159.06 points or 0.45% at 35513.14, while the Nifty was higher by 57.00 points or 0.54% at 10685.60. The market breadth was narrow as 1238 shares advanced, against a decline of 1320 shares, while 161 shares were unchanged.

Infosys, TCS, and BPCL were the top gainers, while Sun Pharma and Hero MotoCorp lost the most.

:Punjab National Bank shares gained 2.5 percent after the lender expects Rs 2,500 crore recovery from Essar Steel resolution.

Moody's has downgradedYes Bank's ratings and changed outlook to negative, reported CNBC-TV18.

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:63 Moons Technologies shares declined nearly 4 percent after the company sold major stake in its subsidiary to Japanese firm.

Zydus Cadila has received the final approval from the USFDA to market Baclofen Tablets, 10 mg and 20 mg. It will be manufactured at the group’s formulations manufacturing facility at Baddi.

A meeting of the Board of Directors of the company is scheduled to be held on November 30 to consider and approve the buyback of fully paid-up equity shares of the company.

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The company has received EIR (Establishment Inspection Report) on the completion of an inspection by the USFDA (United States Food & DrugAdministration) at its facility in Tarapur, Maharashtra.

| At 13:40 hrs IST, the Sensex is up 92.02 points or 0.26% at 35446.10, and the Nifty up 30.90 points or 0.29% at 10659.50. The market breadth is negative as 1111 shares advanced, against a decline of 1229 shares, while 124 shares were unchanged.

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Global investment firm HSBC raised India rating to neutral from underweight as the key is investors' holdings are very low.

"Valuations are more reasonable & we see continued strong earnings growth in 2019," the research house said, adding the lower oil prices for now are supportive of Indian equities.

Oil prices fell more than 30 percent to trade around $60 a barrel in last more than a month, after rising over 40 percent to above $86 (on October 3, 2018), the highest level seen since November 2014.

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