Larsen & Toubro shares rise by 1.7 per cent, far better than expected
Mumbai: The Nifty surged past the psychologically important 8,000 level for the first time to mark its latest record high as blue-chips such as Larsen & Toubro gained after better than expected quarterly economic growth data.
The after-glow of Narendra Modi's election victory nearly four months ago helped India's lumbering economy register its fastest growth in two-and-a-half years for the quarter ending in June, according to data on Friday. The 50-share broader index marked a record high of 8,011.15.
L&T gained 1.7 per cent, while ICICI Bank Ltd rose 1.2 per cent.
( Source : reuters )
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