Sensex rises 292 points, Nifty ends at 11,428 on optimism of US-China pact

The benchmark indices rose on Tuesday as investor sentiment improved due to optimism over US-China trade talks. Also, expectations that the festive season will improve consumer demand spurred buying in banking and automobile stocks.

After rising as much as 420 points, the Sensex ended Tuesday’s session 292 points, or 0.76 per cent, higher at 38,506, while the Nifty  ended at 11,428, an increase of 87 points, or 0.77 per cent.

This was the third straight day of gain for the both indices. Also, foreign portfolio investors (FPIs) were net-buyers for a second straight session. On Tuesday, the bought shares worth