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Sensex recovers by 331.50 pts on fresh buying amid firm European cues

Sensex recovers by 331.50 pts on fresh buying amid firm European cues

Mumbai, Nov 13 (UNI) The BSE Sensex recovered on Tuesday by 331.50

points to close postive at 35,144.49 due to heavy buying in Oil &

Gas, Infrastructure, Capital Goods and Auto stocks amid firm

European cues.

The Nifty of National Stock Exchange (NSE) too rose by 100.30 points

to 10,582.50.

Falling crude oil prices and positive macro data also boosted the

investors' sentiment.

The benchmark Brent Crude oil eased to USD 69.23 a barrel after it

had breached above the USD 71-mark on Monday.

Key indices started on a negative note but a sharp recovery by the

Indian rupee later in the day seemed to have bolstered investors'

sentiment, traders said.

The Sensex registered day's high and low at 35,187.75 and 34,672.20

points, respectively.



The Nifty registered day's high and low at 10,596.25 and 10.440.55

points, respectively. Both these indices underperformed the Sensex.

The broader markets also ended positive, as the BSE Mid-Cap and

Small-Cap indices rose by 0.39 per cent and 0.19 pc, respectively.

The market breadth was positive on BSE, as 1,323 shares gained

versus 1,293 fell and 144 were unchanged.

Overseas, European stocks were trading higher on Tuesday, following

a pullback in stocks stateside. Investors are keeping a close eye on

oil prices, after new comments by US President Donald Trump. He said

that the Organization of Petroleum Exporting Countries (OPEC), a

group of oil producers, should not cut supply to prop up the market.

Asian shares ended mixed on the back of US stocks closing sharply

lower Monday. In US, the Dow Jones Industrial Average tumbled 600

points as crude oil prices extended their retreat while a firmer US

dollar also sparked worries about the competitiveness of US

corporations in an increasingly challenging economic environment.

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