Sensex nears life high on earnings boost; RIL, HDFC Bank shares gain

Both the Sensex and the Nifty have gained 1,202 points, or 3.4%, in the past nine trading sessions on June-quarter earnings optimism and supportive global cues, despite global trade tensions

The Sensex on Tuesday came within kissing distance of a new lifetime high, after shares of Reliance Industries and HDFC Bank rallied amid earnings optimism. The 30-share index rose 305 points, or 0.85 per cent, to end at 36,239, just 44 points away from the record high of 36,283 touched on January 29. The Nifty gained 94 points, or 0.9 per cent, to close at 10,947. The previous record closing was 1,1130.4 on January 29.

Both the Sensex and the Nifty have gained 1,202 points, or 3.4 per cent, in the past nine trading sessions on June-quarter earnings optimism and supportive