Indian share prices rose 0.55 percent to chalk up another record finish on Monday, this time holding above the historic 15,000 points level in trade led by software and telecom stocks, dealers said. They said buying sentiment improved on sustained interest in software and telecom companies against a backdrop of fast-paced economic growth in the South Asian economy.
The benchmark 30-share Sensex index closed up 81.61 points to a record 15,045.73, just off an intraday high of 15,085.22. The previous intraday record of 15,007.22 was set on Friday. The rupee was at near decade highs of 40.41 against the dollar. "This was a historic day with a new record close. Software earnings data concerns appear to have eased but a correction is expected soon," said Hiten Mehta, a fund manager at Fortune Financial Services.
Indian software companies bill most clients in dollars and a strong rupee could hit earnings. India's second biggest software exporter Infosys will report earnings for the fiscal first quarter ended June on Wednesday.
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