Indian shares jump

Indian share prices closed up 1.11 percent at a record high on Friday on strong foreign fund buying in index heavyweights, led by optimism over sustained economic growth, dealers said. They said sentiment improved as India's industrial production output grew 11.4 percent year-on-year in September on strong manufacturing and electricity output, according to official data.
The 30-share benchmark Sensex index rose 145.42 points to 13,282.91. The previous record close was Monday when the index touched 13,186.89. Indian shares touched a new intraday high of 13,303.85. That was up from its previous record intraday peak of 13,300.69 on Tuesday.
"The markets have staged a strong comeback. Buying momentum remains strong and volumes are improving, suggesting possibilities for further upside next week," said Manoj Kakaiya, analyst with brokerage ULJK Securities.