Markets

Indian shares mark longest winning run in over 3 years

Published April 17, 2018 Updated April 17, 2018 10:38am

After two years of normal monsoons, the India Meteorological Department on Monday predicted yet another year of normal rains, raising the possibility of higher farm and economic growth in Asia's third-biggest economy.

The broader NSE index ended 0.19 percent higher at 10,548.70, marking its longest winning streak since late January 2015.

The benchmark BSE index posted its longest winning run since early September 2014, after closing 0.26 percent higher at 34,395.06.

The Nifty FMCG index ended nearly a percent higher, with Kit Kat chocolate maker Nestle India Ltd and diversified consumer goods manufacturer Hindustan Unilever Ltd hitting their record highs during the session.

Copyright Reuters, 2018