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Sensex Jumps 348 Points On Earnings Optimism; Nifty Nears 10,100

Firm global cues as well as optimism over the earnings season helped Indian markets finish sharply higher on Thursday.

The benchmark BSE Sensex ended the session up 348.23 points or 1.09 percent at 32,182.22 while the broader Nifty index finished up 111.60 points or 1.12 percent at 10,096.40.

Hindalco, Infratel, Reliance Industries, Sun Pharma and Vedanta led the gainers in the Nifty pack while Bharti Airtel, UltraTech Cement and IOC were among the top decliners.

Sun Pharmaceuticals rallied 2.4 percent on receiving the establishment inspection report from the U.S. FDA for its Dadra formulation facility.

Lupin gained 1.4 percent after buying US-based Symbiomix Therapeutics for $150 million.

TCS advanced 1.9 percent ahead of its September-quarter earnings due later in the day.

Reliance Industries jumped as much as 4.2 percent ahead of its quarterly results on Friday.

Indiabulls Real Estate climbed over 2 percent after the company said it would delist its Singapore arm.

by RTTNews Staff Writer

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