Sensex rises 249 points, Nifty settles above 18,400-mark as inflation eases

The frontline equity indices on the BSE and National Stock Exchange (NSE) ended 0.4 per cent higher on Tuesday as retail inflation eased to a three-month low in October.

The S&P BSE Sensex rose 248.84 points (0.40 per cent) to close at 61,872.99 while the Nifty 50 gained 74.25 points (0.41 per cent) to settle at 18,403.40. Both the indices had opened higher earlier in the day but soon pared gains and turned red. They moved in a narrow range through most of the session before inching higher toward the last hour of trade.