Bulls return to D-Street

SENSEX RECLAIMS 75KMARK ON POSITIVE GLOBAL, DOMESTIC CUES

- ANANYA GROVER & KISHOR KADAM

AFTER OVER a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India's lowest trade deficit in over three years also buoyed the market mood.

The Sensex rose 1,131.31 points, or 1.53%, marking its highest gain since February 4, to reclaim the 75,000 level and closing at 75,301.26. The Nifty was up 325.55 points, or 1.45%, surpassing the 22,800-mark.