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Indian markets close on a positive note on Thursday

India Blooms News Service | | Jul 15, 2016, at 04:02 am

#Indian markets #Positive note #Sensex #Nifty up

Mumbai, Jul 14 (IBNS): The Indian benchmarks ended Thursday on a fresh 10-month closing high, with Sensex up 126.93 points to 27942.11 and Niftyup 45.50 points to 8565.

The market sentiment was largely boosted by positive cues from Europe, news of a likely meeting between the NDA and the Congress regarding the GST Bill and the possibility of an announcement regarding who will be the new Reserve Bank of India governor, according to media reports.

The monsoon session of the parliament will begin from July 18.

India's wholesale price index inflation was at 20-month high at 1.62 percent in June against 0.79 percent in May and forecast of 1.15 percent.

IT giant Tata Consultancy Services (TCS) was the first to announce the June 2016 quarterly earnings. It reported better-than-expected profit and operational performance for the quarter while revenue was in line.

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