Key benchmark indices scored strong gains amid broad-based buying demand in index pivotals especially Reliance Industries, ICICI Bank and HDFC. The barometer index, the S&P BSE Sensex, gained 331.50 points or 0.95% to settle at 35,144.49. The Nifty 50 index rose 100.30 points or 0.96% to settle at 10,582.50. The Sensex ended above 35,000 mark after regaining that level in mid-afternoon trade. Oil & gas stocks gained. Most private sector banks rose. Most public secor bank stocks declined.

The Sensex gained 331.50 points or 0.95% to settle at 35,144.49. The index hit high of 35,187.75 and low of 34,672.20 in intraday trade.

The Nifty 50 index rose 100.30 points or 0.96% to settle at 10,582.50. The index hit high of 10,596.25 and low of 10,440.55 in intraday trade.

Among secondary barometers, the BSE Mid-Cap index rose 0.31%. The BSE Small-Cap index rose 0.2%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1323 shares rose and 1293 shares fell. A total of 144 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Oil & Gas index (up 1.8%), the S&P BSE Capital Goods index (up 1.25%), the S&P BSE Bankex (up 1.01%) outperformed the Sensex. The S&P BSE Healthcare index (down 0.81%), the S&P BSE Realty index (down 0.59%), the S&P BSE Consumer Durables index (down 0.04%) underperformed the Sensex.

NTPC (up 2.36%), Reliance Industries (up 1.93%), L&T (up 1.77%) and HDFC (up 1.62%) edged higher from the Sensex pack.

Sun Pharmaceutical Industries (down 4.72%) and Power Grid Corporation of India (down 0.94%) edged lower from the Sensex pack.

Oil & gas stocks gained. Among shares of oil exploration and production (E&P) companies, Reliance Industries (up 1.93%), ONGC (up 0.32%) and Oil India (up 0.8%) edged higher.

Among PSU OMCs, HPCL (up 3.17%), BPCL (up 4%) and Indian Oil Corporation (up 4.47%) gained.

Tata Motors lost 3.31%. Tata Motors Group global wholesales in October 2018, including Jaguar Land Rover, were at 1,09,597 units, higher by 6%, as compared to October 2017. The announcement was made after market hours yesterday, 12 November 2018.

Eicher Motors gained 5.78% after consolidated net profit rose 5.93% to Rs 548.76 crore on 12.68% rise in total income to Rs 2579.29 crore in Q2 September 2018 over Q2 September 2017. The announcement was made after market hours yesterday, 12 November 2018.

Royal Enfield's total revenue from operations rose 11% to Rs 2408 crore in Q2 September 2018 over Q2 September 2017. EBITDA rose 7% to Rs 729 crore. Profit after tax grew by 6% to Rs 549 crore. Royal Enfield sold 209,963 motorcycles in the quarter, registering a growth of 4% from 202,744 motorcycles sold in the same period last year.

In the Commercial Vehicles (CV) segment, VE Commercial Vehicles (VECV) revenue from operations rose by 27% to Rs 2966 crore in Q2 September 2018 over Q2 September 2017. EBITDA grew by 24% to Rs 267 crore. Profit after tax rose by 49% to Rs 142 crore.

Coal India rose 0.51%. The company's consolidated net profit jumped 732.73% to Rs 3084.70 crore on 26.28% rise in total income to Rs 24209.33 crore in Q2 September 2018 over Q2 September 2017. The announcement was made after market hours yesterday, 12 November 2018.

On a consolidated basis, Coal India's production of coal rose to 256.47 million tonne in Q2 September 2018 from 231.88 million tonne in Q2 September 2017. Offtake of raw coal rose to 290.80 million tonne from 269 million tonne.

Most private sector banks rose. ICICI Bank (up 2.44%), Axis Bank (up 2.05%), RBL Bank (up 1.73%), Yes Bank (up 1.28%), Kotak Mahindra Bank (up 0.61%), HDFC Bank (up 0.3%) edged higher. IndusInd Bank (down 0.49%) and Federal Bank (down 1.44%) edged lower.

Most public sector bank stocks declined. Allahabad Bank (down 9.98%), Bank of India (down 7.16%), Andhra Bank (down 1.69%), Central Bank of India (down 0.32%), UCO Bank (down 1.24%), IDBI Bank (down 0.75%), Vijaya Bank (down 1.42%), Dena Bank (down 0.89%), Bank of Baroda (down 0.73%) and Syndicate Bank (down 0.29%) edged lower. State Bank of India (up 0.14%), Indian Bank (up 0.31%), Corporation Bank (up 0.92%), Union Bank of India (up 1.78%) and Canara Bank (up 2.29%) edged higher.

Aurobindo Pharma lost 2.96% after consolidated net profit dropped 21.73% to Rs 611.43 crore on 7.43% rise in total income to Rs 4777.90 crore in Q2 September 2018 over Q2 September 2017. The announcement was made after market hours yesterday, 12 November 2018.

Aurobindo Pharma's consolidated EBIDTA before forex and other income fell to Rs 1026 crore in Q2 September 2018 from Rs 1117.3 crore in Q2 September 2017. EBITDA margin fell to 21.6% from 25.2%.

Aurobindo Pharma's wholly owned subsidiary, Aurobindo Pharma USA Inc., USA, has entered into an agreement to acquire a product under development and related assets from 'Advent Pharmaceuticals Pty Ltd., Australia, through AuroScience Pty, Melbourne, a 100% subsidiary of Aurobindo Pharma USA Inc., USA.

Godrej Industries surged 7.16% after consolidated net profit advanced 58.82% to Rs 189.54 crore on 18.18% rise in total income to Rs 2881.98 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 12 November 2018.

On the economic front, India's industrial production grew 4.5% in September compared with the upward revised 4.7% in August, data released by the statistics office showed. August growth had initially been estimated at 4.3%.

Inflation as measured by the Consumer Price Index stood at 3.31% in October compared to 3.70% in September, showed government data released on Monday.

Overseas, European equity markets opened higher on Tuesday, following a pullback in stocks stateside. Investors are keeping a close eye on oil prices, after new comments from President Donald Trump. He said that the group of oil producers OPEC should not cut supply to prop up the market.

Asian shares ended mixed on the back of US stocks closing sharply lower Monday. In US, the Dow Jones Industrial Average tumbled 600 points as crude oil prices extended their retreat while a firmer US dollar also sparked worries about the competitiveness of US corporations in an increasingly challenging economic environment.