Indian shares close up 3.67 pct on easing inflation

MUMBAI - Indian shares closed up 3.67 percent on Friday, buoyed by stronger-than-expected US growth data and a dip in domestic inflation, dealers said.

By (AFP)

Published: Fri 29 Aug 2008, 6:43 PM

Last updated: Sun 5 Apr 2015, 12:04 PM

The benchmark 30-share Sensex index surged 516.19 points or 3.67 percent to 14,564.53, snapping two consecutive days of losses.

"Positive news from the US and a dip in inflation boosted sentiment," said Manoj Kakaiya, dealer at brokerage ULJK Securities.

Annual inflation slipped to 12.4 percent for the week ended August 16 from 12.63 percent the previous week, marking the first fall in prices in a month.

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