Sensex, Nifty rise on boost from HDFC, financials

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Indian shares were boosted by mortgage lender HDFC and financial stocks on Thursday, extending a new year rally that has been powered by domestic vaccine approvals and a surge in foreign fund inflows.

FILE PHOTO: People walk past the Bombay Stock Exchange building in Mumbai, India, February 28, 2020. REUTERS/Hemanshi Kamani/File photo

Both indexes had hit record highs in the first four trading sessions of 2021, after adding about 15% last year in their fifth annual gain. Foreign investors pumped more than $20 billion into Indian equities last year, according to Refinitiv Eikon data. In other stocks, poultry companies Venky’s and Simran Farms fell 2.9% and 5%, respectively, in the wake of bird flu outbreaks in multiple states, according to a government report.

 

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