MUMBAI, March 7 - Indian shares ended nearly 2 percent higher on Friday after hitting record highs earlier, driven by sharp gains in domestic-focused sectors such as banks and capital goods.
MUMBAI, March 7 - The Indian rupee strengthened above 61 to the dollar to a near three-month high on Friday after foreign investors posted their biggest daily purchases of shares this year in the previous session, sending both the BSE and NSE indexes to record highs.
* Capital goods, banks and mid-caps are driving Indian shares to record highs this week, unlike in December when drug makers and software services exporters led the gainers. (http://link.reuters.com/bas47v) * Analysts attribute the gains to expectations of a rebound in economic growth and more stable inflation. * The outperformance comes amid signs that foreign investors are increasing their holdings in these sectors. * For example, overseas holdings in shares of capital goods companies sinc
MUMBAI, March 7 - India's NSE index rose as much as 2 percent to a record high on Friday, while the benchmark BSE index hit a record for a second consecutive session, driven by sharp gains in domestic-focused sectors such as banks and capital goods.
* Domestic-focused firms outperform, IT shares fall (Updates with quote, details, background)
* Shares of India's Bharti Airtel rise as much as 4.7 percent after Standard & Poor's Ratings Services upgrades the company's ratings, traders said. * S&P, late on Thursday, raised Bharti's long-term corporate credit rating to 'BBB-' from 'BB+'. * The rating agency says the upgrade reflects expectation that Bharti will use its significant free operating cash flows and funds from strategic measures to reduce its leverage to a level that is in line with an "intermediate" financial risk profile. *
MUMBAI, Mar 7 - India's NSE index rose as much as 0.8 percent to hit a record high, while the benchmark BSE index hit the milestone for a second consecutive session, after foreign investors' buying of shares in the previous day was the biggest so far this year.
NEW YORK - U.S. stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged.
* A unit of Bank of America-Merrill Lynch bought a 0.57 percent stake in Financial Technologies (India) Ltd via a bulk deal on Thursday, adding to Wednesday's acquisition of 0.51 percent stake in the trading software provider, NSE data shows. * Merrill Lynch Capital Markets Espana S.A. SVB bought 264,159 shares of Financial Technologies at 370.07 rupees a share, in a transaction worth 97.75 million rupees ($1.60 million). * Financial Technologies last week appointed a committee to propose and
* Overseas investors bought Indian shares worth 12.73 billion rupees ($207.8 million) on Thursday, to mark their biggest daily purchase since Dec. 19, regulatory and exchange data show. * Foreign portfolio investors extended their buying streak to a 15th straight day totalling over $1 billion, helping BSE index rise to record high of 21,525.14 on Thursday. * Traders say U.S. nonfarm payroll data due later in the day and India's inflation data next week would be key in deciding near-term directi
All Indian Indices
|Symb||Index||Mkt Report||Time||Last||Chg||Chg %|
|.BSESN||BSE Sensex||3:56pm IST||21,919.79||+405.92||+1.89%|
|.BSEOIL||BSE Oil & Gas||3:56pm IST||9,076.50||+319.99||+3.65%|
|.BSEIT||BSE IT||3:56pm IST||9,520.00||-191.57||-1.97%|
|.BSEMET||BSE Metals||3:56pm IST||9,348.36||+152.35||+1.66%|
|.BSEFMCG||BSE FMCG||3:56pm IST||6,612.33||+36.63||+0.56%|
|.BSECG||BSE Capital Goods||3:56pm IST||11,220.79||+437.14||+4.05%|
|.BSEBANK||BSE Banking||3:56pm IST||13,567.23||+689.10||+5.35%|
|.BSEREAL||BSE Realty||3:56pm IST||1,359.57||+69.64||+5.40%|
|.BSEAUTO||BSE Auto||3:56pm IST||12,721.44||+136.52||+1.08%|
|.BSEPOWER||BSE Power||3:56pm IST||1,610.82||+28.59||+1.81%|
|.BSEHC||BSE Healthcare||3:56pm IST||10,370.31||-214.28||-2.02%|
Nifty Most Actives
MUMBAI - The BSE Sensex and Nifty ended nearly 2 percent higher on Friday after hitting record highs earlier, driven by sharp gains in domestic-focused sectors such as banks and capital goods.