Indian share prices rose for a sixth straight day on Friday, closing up 0.43 percent, led by fund-based buying by overseas and domestic funds and retail investors, dealers said.
They said automobile, software and engineering stocks were busily traded while an Indian cabinet referral of a proposal to ease foreign direct investment in key sectors to a ministerial panel improved sentiment.
The Mumbai stock exchange's 30-share benchmark Sensex index rose 37.13 points to 8,686.65 on turnover of 30.8 billion rupees (673 million dollars). The markets have gained some 1,000 points in the past three weeks from a level of 7,685.64 on October 28.
India's largest software exporter TCS gained on retail buying, closing 20.95 rupees up or 1.39 percent to 1,527.6 rupees.
India's automobile giant Bajaj Auto rose 68.6 rupees or 3.55 percent to 2,000.2 rupees on fresh buying from overseas funds, after strong sales growth in commercial vehicles. Fund buying was seen in state-owned Bharat Heavy Electrical Ltd which closed up 43.2 rupees or 3.3 percent at 1,319.2 rupees.
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