Diplomacy
Chinese Premier Li Keqiang seeks trust in India as border issue continues to irk
Chinese Premier Li Keqiang is seeking to build trust with India on his first foreign trip since taking office, which comes just a few weeks after a military standoff between the Asian giants on their ill-defined border in the Himalayan mountains. Full Article | Slideshow
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Sensex hits 7-mth highs; NALCO rallies
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Brokers trade at a stock brokerage firm in Mumbai July 9, 2008.
Credit: Reuters/Arko Datta/Files
Reuters Market Eye - The Sensex gains 0.26 percent as of 10.37 p.m., after earlier hitting its highest intraday level since February 24.
The Nifty advances 0.19 percent. Both indexes head to their seventh consecutive session of gains.
Some state-owned companies rise on media reports the cabinet will meet on Friday to consider selling some of the government's stake in five companies.
National Aluminium Co Ltd (NALU.NS) shares gain 4.1 percent, while Hindustan Copper (HCPR.NS) gains 1.7 percent, and Neyveli Lignite Corp (NELG.NS) rises 3.6 percent.
State-owned oil companies gain on continued hopes for a hike in fuel prices: Bharat Petroleum Corp (BPCL.NS) gains 1.2 percent, while Hindustan Petroleum Corp (HPCL.NS) is up 1.2 percent.
Still, caution prevails ahead of the Federal Reserve meeting's outcome later in the day.
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