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Sensex hits seven-month high on positive GDP data

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Reuters

REUTERS - Indian shares rose to their strongest level since late October on Wednesday as firms reliant on consumer demand, such as cigarette maker ITC , advanced on data showing the economy grew faster than expected in the March quarter.

The broader NSE Nifty ended 0.24 percent higher at 8,179.95, while the benchmark BSE Sensex closed up 0.17 percent at 26,713.93.

Shares of ITC closed nearly 3 percent higher, after rising as much as 3.18 percent to their highest level since Feb. 28, 2015 earlier in the session.

(Reporting by Darshana Sankararaman in Bengaluru; Editing by Subhranshu Sahu)

 

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First Published: Jun 01 2016 | 3:57 PM IST

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