In Nifty index, banking shares gained—Axis Bank rose 3.3%, IndusInd Bank 2.7%, Yes Bank 2.5%, Bank of Baroda 2%, State Bank of India 1.5% and ICICI Bank was up 1.2%. In intra-day trading, Nifty touched a high of 8,905.10, a level last seen on 5 March 2015, and gained as much as 1.08% from its previous close. India’s benchmark Sensex index touched a high of 28,843.48, a level last seen on 16 April 2015, and gained as much as 1.1%. The Nikkei India Composite Output Purchasing Managers’ Index (PMI) came in at 54.6 for August, a 42-month high. In Nifty index, banking shares gained—Axis Bank rose 3.3%, IndusInd Bank 2.7%, Yes Bank 2.5%, Bank of Baroda 2%, State Bank of India 1.5% and ICICI Bank was up 1.2%.

Source: Mint September 06, 2016 07:30 UTC