Cyclical stocks gain after IMF raises FY15 GDP estimates
Reuters Market Eye - Indian domestic cyclical stocks gain. IMF increased India's GDP growth estimate for FY15 to 5.6 percent from 5.4 percent, while cutting its global growth forecast.
The revised forecast by IMF gives more confidence about the much talked-about cyclical recovery in the domestic economy - Investors.
State Bank of India gains 1.2 percent, Larsen & Toubro rises 1.8 percent
Auto maker Mahindra & Mahindra advances 1 percent.
(Reporting by Abhishek Vishnoi)