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Sensex Rises For Third Straight Session; Nifty Closes Above 10,000

Key equity indices close at their highest levels since September 21.
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The Nifty settled 28.20 points or 0.28 per cent higher at 10,016.95
The Nifty settled 28.20 points or 0.28 per cent higher at 10,016.95
Domestic stocks rose for the third straight session on Tuesday but the gains were capped as investors hedged their bets before corporate results for the July-September quarter due later this week. The benchmark BSE Sensex closed up 78 points or 0.24 per cent at 31,924.41, marking its third straight day of gains as pharma, oil and gas and banking stocks advanced. The broader NSE Nifty index settled 28.20 points or 0.28 per cent higher at 10,016.95 level. The Nifty closed above the 10,000 mark for the first time since September 21.

The markets were driven by stocks of IT, power, healthcare, capital goods, oil & gas, banking and auto. Reliance Industries, Coal India, UPL, Axis Bank, Lupin, Power Grid and IndusInd Bank - finishing between 3.4 per cent and 1.5 per cent higher - were among the top gainers on the 50-scrip Nifty index.

Sustained buying by domestic financial institutions and widening of exposure by retail investors ahead of the Q2 earnings season, amid a firming trend in the Asian region, helped markets extend gains for the third day, brokers said.

The Sensex also marked its highest closing level since September 21, when it had ended at 32,370.04. The 30-scrip index had gained 254.86 points in the previous two days.

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