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6 years ago

Indian shares hit record highs after govt sees higher economic growth

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Indian stocks touched record highs on Monday after a government report predicted growth would accelerate in the coming fiscal year.

The economic survey released earlier in the day projected economic growth would be 7.0-7.5 per cent in the year starting in April, up from a projected 6.75 per cent for the current fiscal year.

The broader NSE index was up 0.78 per cent at 0830 GMT, after rising as much as 0.9 per cent to a record high of 11,156.60, reports Reuters.

The benchmark BSE index was up 0.97 per cent, after climbing as much as 1.09 per cent to an all-time high of 36,379.91.

The rupee was largely range-bound, trading at 63.5625 compared to its 63.5475 close on Thursday.

Indian markets were shut on Friday for Republic Day.

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