June 13, 2018 / 10:21 AM / 8 months ago

Indian shares end higher for third session; TCS gains

* NSE index closed 0.13 pct higher, BSE index ended 0.13 pct up

* Investors cheer strong industrial growth data

* TCS gains on share buyback proposal

June 13 (Reuters) - Indian shares ended higher for a third straight session on Wednesday, buoyed by gains in Tata Consultancy Services Ltd after the company said it would buy back stock, while robust monthly industrial growth data lifted sentiment.

Industrial output grew 4.9 percent in April from a year earlier, driven by a pick up in manufacturing, while annual retail inflation accelerated to a four-month high in May, underpinned by higher fuel prices and a depreciating rupee, government data showed on Tuesday.

The broader NSE index ended 0.13 percent higher at 10,856.70, while the benchmark BSE index closed up 0.13 percent at 35,739.16. Both indexes marked their highest closing levels since Feb. 1.

Top software services exporter Tata Consultancy Services closed up 2.4 percent after the company said it would consider a share buyback proposal on Friday.

For the mid-day report, click.

Reporting by Jessica Kuruthukulangara in Bengaluru, Editing by Sherry Jacob-Phillips

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below