* Real-estate shares up after govt relaxes FDI rules (Adds market movers, details)
* Custodian banks' dlr sales, record high stocks lend support
MUMBAI, Oct 30 - Indian shares rose nearly 1 percent to a record high on Thursday as investors bet an improving economy and government reforms would allow the country to better withstand potential rate hikes by the U.S. Federal Reserve.
MUMBAI, Oct 30 - India's benchmark BSE index rose as much as 1 percent to a record high on Thursday as investors bet an improving economy and government reforms would allow the country to better withstand potential U.S. rate hikes from the U.S. Federal Reserve.
* BSE index up 0.2 percent, the NSE index gains 0.26 percent. * Both indexes earlier marked their highest levels since Sept.23. * India relaxes rules for foreign investment in construction and approves a lower-than-expected increase in wheat support prices. * DLF gains 4.6 percent, Sobha Developers up 5 percent. * Exporters lead gains on U.S. Federal Reserve's optimism about U.S. economic recovery, say traders. * Infosys up 2.2 percent while Dr.Reddy's Laboratories gains 1.8 percent. (a
* Exporters gain on U.S. Federal Reserve's optimism about U.S. economic recovery, traders say. * Software exporter Infosys Ltd is up 1.2 percent, while rival Tata Consultancy Services Ltd adds 0.8 percent. * Among drug makers, Cipla is up 0.8 percent, while Dr.Reddy's Laboratories gains 2.2 percent. * Fed on Wednesday dropped a characterization of U.S. labor market slack as "significant" in a show of confidence in the economy's prospects. * It also ended its massive quantitative easing program
* Tech Mahindra Ltd gains 4.3 percent to three-week high. * Company's July-September profit rose 7.3 percent to 5.89 billion rupees ($95.8 million). * Traders say 5.2 percent sequential U.S. dollar revenue growth seen highest among peers and ahead of some estimates. * Larger rival Infosys Ltd had posted a 3.1 percent sequential U.S. dollar revenue growth in the second quarter. ($1 = 61.4725 Indian rupee) (email@example.com / firstname.lastname@example.org
* Shares in India's Raymond Ltd fall 3.7 percent. * The company reported a 26 percent fall in its September quarter net profit. * Traders say investors took the opportunity to book profits after the stock surged 67 percent so far this year. (email@example.com/indulal.p.thomsonreuters.com@reut ers.net)
* Unitech up 0.8 percent, DLF gains 0.9 percent while Sobha Developers advances 2.7 percent. * Hindustan Construction Company gains 2.7 percent while NCC is up 1.1 percent. * India relaxes rules for foreign investment in construction. * Move seen providing funding to companies to cut debt, fast track projects. (firstname.lastname@example.org / email@example.com)
NEW YORK - U.S. stocks closed with slight losses on Wednesday, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in U.S. economic prospects.
All Indian Indices
|Symb||Index||Mkt Report||Time||Last||Chg||Chg %|
|.BSESN||BSE Sensex||30 Oct 2014||27,346.33||+248.16||+0.92%|
|.NSEI||Nifty||30 Oct 2014||8,169.20||+78.75||+0.97%|
|.BSEOIL||BSE Oil & Gas||30 Oct 2014||10,921.27||+177.25||+1.65%|
|.BSEIT||BSE IT||30 Oct 2014||10,496.13||+210.22||+2.04%|
|.BSEMET||BSE Metals||30 Oct 2014||11,628.17||+53.46||+0.46%|
|.BSEFMCG||BSE FMCG||30 Oct 2014||7,463.43||+40.44||+0.54%|
|.BSECG||BSE Capital Goods||30 Oct 2014||15,511.50||+144.78||+0.94%|
|.BSEBANK||BSE Banking||30 Oct 2014||19,167.15||+136.55||+0.72%|
|.BSEREAL||BSE Realty||30 Oct 2014||1,530.56||+50.87||+3.44%|
|.BSEAUTO||BSE Auto||30 Oct 2014||18,314.87||+51.94||+0.28%|
|.BSEPOWER||BSE Power||30 Oct 2014||2,125.26||+12.23||+0.58%|
|.BSEHC||BSE Healthcare||30 Oct 2014||14,116.15||+29.54||+0.21%|
Nifty Most Actives
NEW DELHI - India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said.