The Sensex rose to its highest close since April 3, as cigarette maker ITC, one of the big blue chip gainers this year, recovered from steep recent falls, while Reliance Industries gained on hopes of improving refining margins.the government was considering allowing foreign direct investment in the countries supermarkets lifted shares in retailers such as Pantaloon and Shopper Stop today.
China and Hong Kong stocks rose for the second day in a row following big gains by Chinese stocks listed in the U.S. However, investors adopt a wait-and-see attitude on Europe.
After a day's zig zag condition stock market on 08 June today closed with a higher gain. A late rally in the markets enabled the indices to close with significant gains with capital goods, realty, FMCG, power and banking being the lead gainers.