Expectations on earnings drive market rally

  • Ami Shah (Mint), Mumbai
  • |
  • Updated: Sep 04, 2014 10:03 IST

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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