8 in October, though it remains down from a cycle high of 74, reached in December 2017.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,165.63 crore on 16 October 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1,059.44 crore on 16 October 2018, as per provisional data.

Key equity benchmarks rose for third day in a row yesterday, 16 October 2018, as investors shifted their focus to September quarter earnings season. A fall crude oil prices and an appreciation of rupee against the dollar also boosted sentiment. The Sensex ended above the psychologically important 35,000 mark. The Sensex rose 297.38 points or 0.85% to settle at 35,162.48. The Nifty 50 index rose 72.25 points or 0.69% to settle at 10,584.75.