AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

Indian shares closed 1 percent higher on Monday, posting their highest close in two weeks, as investors shrugged off weak Chinese data and uncertainty whether the US Federal Reserve would hike rates later this week. The benchmark BSE index gained 0.96 percent to close at 25,856.7. The broader NSE index ended 1.06 percent higher at 7,872.25.
Both indexes recorded their highest close since August 31. "Nobody will create big positions, either short or long ahead of the Fed event. Highly volatile movements are expected," Alex Mathews, head of research at Geojit BNP Paribas said.
Indian investors are also keenly awaiting retail inflation data that will be released later on Monday. Slowing retail inflation would provide the central bank wiggle room to cut interest rates, a move that companies say is essential to jump-start growth. India's wholesale prices fell for a tenth straight month in August, tumbling an annual 4.95 percent primarily on the back of a sharp cooling in fuel costs, government data showed on Monday. All sectors were trading in the green barring resources companies. Financial stocks led the gains. Axis Bank gained 1.8 percent, ICICI Bank rose 0.7 percent, while State Bank of India was up 1 percent.
Kesoram Industries rose as much as 13.6 percent after selling its tyre manufacturing unit in northern India for 22 billion rupees ($331.6 million) to JK Tyre & Industries. Meanwhile, resources stocks Reliance fell 0.7 percent, Coal India was down 0.5 percent, while Cairn India slipped 2.5 percent.

Copyright Reuters, 2015

Comments

Comments are closed.