Indian Shares Rise 1.0% Amid Gains in U.S. Equity-Index Futures -- Market Talk

Dow Jones11-29 18:46

1046 GMT - India's Sensex rose 1.0% to close at 79802.79, extending an earlier advance amid gains in U.S. equity-index futures. Investors will be eyeing India's GDP release to gauge the strength of the economy. The data comes ahead of a central bank meeting next week. Many economist think the RBI is most likely to stay on hold but others see room for a cut. The bank has "notably pivoted" to a neutral stance, Maybank analysts say in a report. This probably opens the door for a rate cut, they add. Among the best performers on the Sensex, Bharti Airtel rose 4.3%, Sun Pharmaceutical Industries added 2.7%, and Mahindra & Mahindra was 2.4% higher. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

November 29, 2024 05:46 ET (10:46 GMT)

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