Post Session: Sensex, Nifty hit new high on ..
(24-Jul-14 04:42 Hrs IST)
The Indian benchmark indices ended higher for eighth straight session on Thursday, helped by gains in steel, metal and mining stocks after Chinese manufacturing PMI topped estimates. The China HSBC Manufacturing PMI rose to 52 in July from 51.8 in June, the highest reading since January 2013, signaling that the world’s second-biggest economy is gaining traction, and the government’s stimulus efforts are injecting new vigor into the economy. Among others, shares of insurance companies rallied after the Cabinet approved 49 per cent foreign dir..