Sensex Reclaims 35,150, Nifty Settles At 10,549: 10 Things To Know

Share markets on Tuesday: Twenty out of 30 Sensex stocks finished the session higher.

Thirty eight out of 50 Nifty stocks closed in the positive zone, with Yes Bank being the top gainer on the index. Shares of the lender settled 8.9 per cent higher.
Other major gainers on the 50-scrip index Nifty were Sun Pharma (+6.22 per cent), Asian Paints (+3.82 per cent), Kotak Bank (+3.39 per cent) and Bajaj Finserv (+3.09 per cent).
Twenty out of 30 Sensex stocks finished the session higher. Yes Bank (+7.29 per cent), Sun Pharma (+5.75 per cent), Asian Paints (+4.03 per cent), SBI (+2.85 per cent), Axis Bank (+2.42 per cent) and ITC (+1.82 per cent) were the top advancers.
The rupee closed at 71.8650 to the dollar versus its previous close of 71.35. It had earlier dropped 1.5 percent to a one-month low of 72.4625. It touched a day's high of 71.68, aided by some dollar-selling intervention by state-run banks on behalf of the RBI.
The benchmark 10-year bond yield closed down 6 basis points on the day at 7.53 per cent after initially rising as high as 7.71 per cent.
According to Viral Berawala, CIO, Essel Mutual Fund, "Markets had already discounted the state election results on Monday and short covering was witnessed during the day leading to markets closing positive. Among sectors, pharma and PSU banks saw a smart recovery".
Mr Patel's resignation came after a month-long tussle over policy with the government that has raised concerns about the central bank's independence as a national election nears.
At the time of writing this report, Congress had won in two states and had a shaky lead in one out of the five states where elections had happened.
Globally, Brent crude oil futures slipped below $60 per barrel mark, slipping 0.32 per cent to 59.78 per barrel.
On Monday, foreign portfolio investors (FPIs) bought net shares worth Rs. 116.22 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs. 145.80 crore, provisional data available with BSE showed. (With agencies inputs)