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Sensex bounces back to close higher after crude prices provide boost

By Reuters

  • 18 Dec 2018
Sensex bounces back to close higher after crude prices provide boost
Credit: Reuters

Indian shares reversed early losses to end higher on Tuesday, buoyed by gains in financials and oil marketing companies after benchmark crude prices hit a 14-month low.

The broader NSE Nifty ended 0.19 percent higher at 10,908.7, closing above 10,900 for the first time since Oct. 1.

The benchmark BSE Sensex closed up 0.21 percent at 36,347.08.

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Both indexes closed firmer for a sixth straight session.

Indian Oil Corp Ltd ended 1.29 percent firmer, while Bajaj Finance Ltd closed 2.34 percent higher.

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