Mumbai: Indian shares rose yesterday to their highest close in more than three months, led by top private firm Reliance Industries and Tata Steel Ltd, but technical charts indicated resistance could limit the upside.
The 30-share benchmark BSE index ended up 0.81 per cent, or 115.19 points, at 14,418.60, but 14 of the components lost ground. It was the index's strongest close since February 9, the day it had hit a record high of 14,723.88.
The 50-share NSE index gained 1.1 per cent to a record close of 4,260.90. The index rose as high as 4,269.35, breaching a previous all-time high of 4,245.30 set on February 8.
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"On the domestic front there seem to be no worries as such, with the fourth-quarter results being more good than bad, inflation concerns subsiding and interest rates too looking like peaking out," CLSA analysts Sanjay Singh and Nikhil Raina said in a note.
"Apart from any negative surprises from the global front, we don't see too many concerns on the horizon and look forward to a sharp upmove this week."
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