Search

Asia Pacific Business News

Indian shares rise, helped by funds injected into banking

AP - Saturday, May 17

MUMBAI, India - The Bombay Stock Exchange's 30-stock Sensitive Index, or Sensex, rose 81.40 points, or 0.5 percent to close at 17,434.94. On the rival National Stock Exchange, the 50-stock S&P CNX Nifty gained 42.45 points, or 0.8 percent, to end at 5157.70. The markets came slightly off early highs after India's inflation rate rose to 7.83 percent on year in the week ending May 3, staying above the central bank's comfort level of 5.5 percent for the 11th straight week. Participants expect the Sensex to keep tracking global markets during the next week, but trade above the 17,000 level. "The markets were positive right through the day, even discounting higher inflation. More »

Other Stories