Sensex, Nifty gain for the third day; Infosys falls ahead of Q2 results

BSE Sensex
BSE Sensex

Benchmark indices BSE Sensex and NSE’s Nifty 50 rose for the third straight session on Tuesday with the BSE Sensex ending 297.38 points up at 35,162.48, while the Nifty 50 closed 72.25 points higher at 10,584.75.

Investors shifted their focus to September quarter earnings season from global trade and geopolitical tensions. Also, recovery in global equities also helped lift market sentiment.

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Infosys shares erased early gains and turned flat ahead of its September-quarter earnings due to be released later in the day. The stock fell as much as 0.8% to Rs 693.15 per share. In early trade, the stock hit a high of Rs 713.75. Oil and gas stocks rose as oil prices fell, offsetting losses in banking and auto stocks.

In global markets, world stocks edged higher as focus turned to earnings season. Oil prices fell to near $80 per barrel on evidence of higher US oil production and increasing U.S. crude inventories.

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