Mumbai, July 10 (IBNS): The BSE Sensex climbed 1.30 percent on Tuesday, as hopes of improving asset quality resulting in better than expected earnings lifted shares of private sector banks, while data showing continual investment by foreign investors cajoled sentiment.
The 30-share benchmark index ended 226.37 points higher at 17,618.35 -- its highest close since March 15 -- with 28 of its components closing in the green.
The broader 50-share National Stock Exchange (NSE) Nifty index ended 1.33 percent or 70.20 points higher at 5,345.35 on Tuesday.
Brightening prospects of euro zone’s new bailout funds also added to the rally, even as investors warned not to pin too many hopes on corporate earnings due this week because of rupee depreciation, rising interest costs and other factors.
