The Indian equity benchmarks edged higher on Thursday ahead of weekly expiry of index futures and option contracts paced by gains in power and utilities companies. The Sensex rose as much as 205 points and Nifty 50 index touched an intraday high of 15,693.35.As of 9:23 am, the Sensex was up 114 points at 52,055 and Nifty 50 index advanced 54 points to 15,690.Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus.MSCI’s broadest index of Asia-Pacific shares outside Japan were marginally higher at 700.6 points, but stayed in the 698-712 points range it has traded in since late May.
Source link
Strange India 