Equities at 14-month high; Re ends at 54.01/$

Indian equities extended their gains for the ninth consecutive session in volatile trade on Monday to close at a 14-month high

Written by ENS Economic Bureau | Mumbai | Published: September 18, 2012 2:18 am

Indian equities extended their gains for the ninth consecutive session in volatile trade on Monday to close at a 14-month high. The wave of reforms initiated by the government on Friday boosted sentiments even as the RBI kept key rates unchanged and the European markets traded in the red,owing to concerns over China’s growth.

The 50-share NSE Nifty,on Monday,rose 32 points or 0.58 per cent at 5,610,while the BSE Sensex ended the day up 78 points,or 0.42 per cent,to close at 18,542,a 14-month high.

Meanwhile,tracking the stock market movements,the rupee surged to 53.66 a dollar on robust capital inflows but pared some gains to close at 54.01 — still 29 paise higher. Foreign institutional investors bought shares worth Rs 2,252 crore,while domestic institutional investors sold shares worth Rs 837 crore,provisional BSE data showed.

With PTI

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