Indian shares gain as Burger King makes market debut - GulfToday

Indian shares gain as Burger King makes market debut

India stock exchange

Picture used for illustrative purpose. File

Gulf Today Report

Indian shares recorded surge following Burger King India gaining almost 100% in its market debut.

The blue-chip NSE Nifty 50 index was up 0.25% to 13,548.10 and the benchmark S&P BSE Sensex was up 0.26% to 46,217.30.

Indian shares have recorded gains for six consecutive weeks, aided by the flow of income from foreign institutional investors and optimism for a vaccine-led economic recovery. 


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Burger King India traded at nearly double its offering of 60 rupees per share.

The Nifty Bank Index rose 0.63%, while the Nifty Pharma Index was up 0.33%.

 Oil and Natural Gas Corporation and Coal India led the gains on the Nifty, soaring by 3.5% and 3.2 %.

According to statistics by the government, industrial production for October increase by 3.6% from a year ago.


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