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Business, Asia

Monday, Sep 1, 2014

Business, Asia

Nifty surges past 8,000 to mark record high

Reuters | Monday, Sep 1, 2014

MUMBAI - The Nifty surged past the psychologically important 8,000 level for the first time to mark its latest record high as blue-chips such as Larsen & Toubr gained after better than expected quarterly economic growth data.

The after-glow of Narendra Modi's election victory nearly four months ago helped India's lumbering economy register its fastest growth in two-and-a-half years for the quarter ending in June, according to data on Friday.

The 50-share broader index marked a record high of 8,022.70. Markets were closed on Friday for a holiday. L&T gained 2.8 percent, while ICICI Bank Ltd

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