Sunday, May 03, 2015
Ami Shah (Mint)
Mumbai, September 04, 2014
First Published: 09:48 IST(4/9/2014)
Last Updated: 10:03 IST(4/9/2014)
Expectations on earnings drive market rally
Benchmark equity indices hit new lifetime highs for the seventh day in a row this week as investors bet that corporate earnings will receive a boost from higher economic growth, making India one of the best-performing markets so far this year. Wednesday marked the ninth consecutive session the indices ended with a gain and the seventh that they rose to records. In these nine sessions, the Sensex, India’s most closely watched market barometer, has risen 3%, extending its gain since the start of the year to 28.2%, making it one of the world’s best performers.
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