Indian shares close higher

Indian share prices closed 1.77 percent higher Thursday with investors buoyed by surging economic growth of eight percent during the second quarter ended September 30, dealers said.
The Mumbai stock exchange's 30-share Sensex climbed 155.97 points to close at 8,944.78, the second highest close after Monday's record 8,994.94. Volumes touched 31.64 billion rupees (687 million dollars) as 1,343 stocks gained, while 1,109 declined.
"The losses seen earlier this week were significantly erased as investors, boosted by economic figures, turned strong buyers in most sectors," said Hemen Kapadia, partner at investment advisory firm, Morpheus Inc.
Investors bought shares in cement, car and drug companies. Cement company ACC rose 24.95 rupees or 4.90 percent to 534.94 while car and truck maker Tata Motors gained 17.55 rupees or 3.16 percent 573.15.
Drug company Ranbaxy Laboratories rose 12.10 rupees or 3.14 percent to 397.25.