April 17, 2018 / 10:28 AM / 4 months ago

Indian shares mark longest winning run in over 3 years

* NSE, BSE indexes end 0.2 pct higher

* Both indexes gain for ninth day

* Nestle, HUL hit record highs during session

April 17 (Reuters) - Indian shares ended higher for a ninth straight session on Tuesday, marking their longest winning streak in over three years, as consumer stocks gained on forecasts of average monsoon this year.

After two years of normal monsoons, the India Meteorological Department on Monday predicted yet another year of normal rains, raising the possibility of higher farm and economic growth in Asia’s third-biggest economy.

The broader NSE index ended 0.19 percent higher at 10,548.70, marking its longest winning streak since late January 2015.

The benchmark BSE index posted its longest winning run since early September 2014, after closing 0.26 percent higher at 34,395.06.

The Nifty FMCG index ended nearly a percent higher, with Kit Kat chocolate maker Nestle India Ltd and diversified consumer goods manufacturer Hindustan Unilever Ltd hitting their record highs during the session.

For midday report, click (Reporting by Vishal Sridhar in Bengaluru, Editing by Sherry Jacob-Phillips)

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