Sensex closes up 0.17% on positive GDP data
The benchmark Bombay Stock Exchange (BSE) Sensex closed up 0.17% at 26,713.93.
Indian shares rose to their strongest level since late October on Wednesday as firms reliant on consumer demand, such as cigarette maker ITC , advanced on data showing the economy grew faster than expected in the March quarter.
The broader National Stock Exchange (NSE) Nifty ended 0.24% higher at 8,179.95, while the benchmark Bombay Stock Exchange (BSE) Sensex closed up 0.17% at 26,713.93.
Shares of ITC closed nearly 3% higher, after rising as much as 3.18% to their highest level since February 28, 2015, earlier in the session.