Sensex hits new high, too; focus on earnings, rates

India's stock indices rose to all-time highs on Monday, with the Nifty crossing the 18,000-point milestone for the first time led by automobile stocks which rallied on expectations of better sales in the upcoming festival season. Losses in the information technology shares - mainly Tata Consultancy Services, which posted weaker-than-expected September quarter results - put a lid on gains with the Nifty closing below 18,000.

via Economictimes

No comments