MUMBAI Oct 18 Indian shares rose for a fifth consecutive session on Tuesday, as drug maker Cipla jumped after posting a surge in quarterly earnings, while State Bank of India rose on hopes for rising demand for loans in the holiday season.
Cipla provisionally rose 4.2 percent, while State Bank of India added 1.2 percent.
The BSE index provisionally gained 0.32 percent, while the 50-share NSE index ended up 0.35 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read