A maturing market amid the mayhem
Sensex gains on strong economic data
The BSE Sensex ended 2.6 percent up on Thursday on good corporate results and robust economic data.
Data released on Thursday showed infrastructure output grew 6.5 percent in June while the Wholesale Price Index fell 1.17 percent in the 12 months to July 11.
The fifty-share Nifty ended 2.8 percent up to 4,523.
On the sectoral front, the BSE Realty Index rose 5.08 percent, followed by the Consumer Durable Index which ended 4.4 percent higher. All other indices ended the day in the green.
Bharti Airtel came out with forecast-beating 24 percent rise in quarterly profits, while Maruti Suzuki reported an unexpected 25 percent rise in quarterly net profits.
Shares in Bharti Airtel ended 1.09 percent down at 813, while Maruti Suzuki ended 6.4 percent higher at 1295 rupees.
On the global front too, investor sentiment remained strong on forecast-beating earnings from major firms which raised expectations for a global economic recovery.
Do you think the Sensex will continue upward on strong corporate earnings and positive economic data?