INSUBCONTINENT EXCLUSIVE:
The lead was driven by gains in financial stocks such as HDFC Bank Ltd and energy shares.Domestic stock market indices surged on Thursday,
at 36,548.41, higher than its last record closing high of January 29
Reliance Industries posted an all-time closing high and was the top gainer on both the indices
Optimism around corporate earnings and stronger Asian shares also heightened sentiment, reported news agency Reuters.Other gainers in the
Sensex pack Wipro, Larsen Tourbo, Hindustan Unilever, SBIN and HDFC, rising between 1.46 per cent and 4.42 per cent
of oil marketing companies and airlines jumped after crude oil prices posted their biggest one-day drop in two years, reported Reuters
Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd and Indian Oil Corp Ltd gained over 4 per cent each
InterGlobe Aviation Ltd and Jet Airways (India) Ltd rose as much as 5 per cent and 6 percent, respectively.An appreciating rupee, sustained
interest rates have started going up and are expected to remain so for some time
7,340 crore in the April-June quarter, surprising the Street
That marked the onset of the corporate earnings season for the fiscal first quarter.Meanwhile, investors are awaiting May industrial growth
(IIP) data and June retail inflation (CPI) data due later in the day.Foreign funds bought shares worth a net of Rs 636.27 crore, while
domestic institutional investors (DIIs) made purchases worth Rs 15.33 crore on Wednesday, provisional data showed
