Indian share prices rose 1.7 percent to a fourth straight record close on Monday led by sustained overseas investor interest, dealers said. They said the market saw high trading volumes as oil, metal and banking stocks rose, even as the rupee strengthened to 39.82 against the dollar from 39.87.
The Mumbai stock exchange Sensex index rose 281.6 points to 16,845.83, from a previous record close of 16,564.23 last Friday. The Sensex hit a new intra-day high of 16,869.64 from a previous such high of 16,616.84 on Friday. "Buying momentum continues to be strong, led by optimism about steady second-quarter corporate earnings next week and an easing of US credit concerns," said Advait Date, a dealer at brokerage BHH Securities.
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