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Sep 12, 2012, 03.47 PM IST
The Sensex rose for a sixth consecutive session to close at its highest since February 23 on rising hopes for government reforms after the aviation minister signalled the country was moving to allow foreign direct investment into the sector.
The Sensex provisionally rose 0.89 percent to end just above the psychologically key 18,000 points.
The Nifty rose rose 0.76 percent.
Indian shares gained strength following upmove in European markets after the German's Constitutional Court ruling. The court has rejected complaints against European Stability Mechanism (ESM) as 'largely unfounded'.
Indian equity benchmarks continued to trade with marginal gains due to upmove in Tata pack, FMCG, technology, healthcare and private banking stocks. But the weakness in BHEL, Bharti, Cipla and ONGC has limited the upside. Even heavyweights Reliance Industries and State Bank of India turned flat.
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK