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Stocks end higher on hopes of strong quarterly earnings, economic growth

The S&P BSE Sensex climbed 1.5% to close at 37,020.14- most since March 6

Markets
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The benchmark indices have given positive returns in seven of the last eight weeks

BloombergBS reporters Mumbai
The benchmark Sensex closed above 37,000 points, while the Nifty 50 Index topped 10,900 for the first time in over four months. The indices advanced for a third day, extending a weekly gain on early signs of a revival in the economic growth, coupled with favourable earnings reports.

The S&P BSE Sensex climbed 1.5 per cent to close at 37,020.14- most since March 6. The index rose more than 1 per cent for the week - logging its fifth weekly gain. 

It also breached the 200-day moving average (DMA), a technical barrier that it's been flirting with since early this month. The

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First Published: Jul 17 2020 | 10:06 PM IST

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