Nifty hits 16-month high on positive earnings

Reuters
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai January 15, 2015. REUTERS/Shailesh Andrade/Files

REUTERS - The NSE Nifty closed up 1.6 percent on Tuesday after earlier hitting its highest in 16 months as positive earnings results including from DLF Ltd lifted sentiment. The Nifty hit its highest since April 15, 2015 before ending 1.59 percent higher at 8,744.35. It was the index's biggest daily percentage gain since July 11. The benchmark BSE Sensex closed up 1.58 percent at 28,343.01 after earlier hitting its highest since July 23, 2015. (Reporting by Arnab Paul in Bengaluru; Editing by Amrutha Gayathri)