Indian shares hit record highs; ICICI Bank, Reliance Industries lead [Reuters]
ICICI Bank Limited (IBN)
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Source: Reuters
Indian shares hit record highs; ICICI Bank, Reliance Industries lead - Reuters 3 Min Read * NSE index up 0.76 pct, BSE index 0.86 pct higher * Foreign buying drives market, says analyst * Wipro down ahead of quarterly results By Chris Thomas April 16 (Reuters) - Indian shares extended gains to record highs on Tuesday, led by index heavyweights ICICI Bank Ltd and Reliance Industries Ltd, amid sustained buying from foreign investors. Investors were also optimistic as the earnings season got off to a good start and the state-run weather office forecast average monsoon rains this year. The rally in Indian stocks is not across the board - mid-caps are not moving, which is an indication that foreign institutional investors are in the market and are driving it higher, said R.K. Gupta, managing director at Taurus Asset Management. Foreign investors bought shares worth a net $420.2 million in the last three sessions, taking the total purchase for the month to $2.01 billion. Average monsoon rai
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IBN
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- 4/25/24 - Form 6-K
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- 4/19/24 - Form 6-K
- IBN's page on the SEC website