India Shares End At Highest In Over 2 Years
By Ami Shah |
April 6, 2010, Tuesday
|
Print Edition
Print Edition
INDIAN shares yesterday ended up 1.4 percent at their highest close since February 2008, propelled by gains in their Asian peers. Energy major Reliance Industries and financial shares topped the gainers.
The 30-share BSE index closed 1.37 percent, or 243.06 points, higher at 17,935.68, its best close since February 19, 2008. Twenty-three of its components rose.
"The news flow has been positive both globally and on the domestic front," said R. Ganesh, director of Systematix Shares.
Firm Asian equities underpinned the market after a three-day weekend, as data showed United States employers created jobs last month at the fastest pace in three years, leading to hopes of a sustained economic recovery.
Foreign funds have invested around US$4.4 billion in Indian stocks so far this year.
The 30-share BSE index closed 1.37 percent, or 243.06 points, higher at 17,935.68, its best close since February 19, 2008. Twenty-three of its components rose.
"The news flow has been positive both globally and on the domestic front," said R. Ganesh, director of Systematix Shares.
Firm Asian equities underpinned the market after a three-day weekend, as data showed United States employers created jobs last month at the fastest pace in three years, leading to hopes of a sustained economic recovery.
Foreign funds have invested around US$4.4 billion in Indian stocks so far this year.
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