The BSE’s benchmark Sensex closed at 35,081.82 points, up 310.77 points, or 0.89%, crossing the 35,000-point mark for the first time. The BSE’s benchmark Sensex closed at 35,081.82 points, up 310.77 points, or 0.89%, crossing the 35,000-point mark for the first time. The abatement of some of these worries, along with optimism of an earnings recovery, continued to pull in money. The optimism about an earnings recovery hasn’t translated into a significant change in earnings estimates yet. For one, the crude oil price hovering near $70 a barrel level can stymie an earnings recovery by squeezing margins.

Source: Mint January 17, 2018 14:37 UTC