Indian stocks rally on positive global economic outlook

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Source: RTTNews
© Scanpix/AFP

Indian shares opened higher as economic reports on China and the U.S. showed economic recovery and IT major Wipro posted earnings above expectations. The BSE India Sensex 30 Index gained 1.04%, or 193.75 points, to 18,755.45 on surging stocks within the IT, capital goods, banking and auto sectors. The rupee also appreciated and bolstered investor sentiment. IT major Wipro edged 0.3 per cent higher, whereas its competitors Infosys and TCS advanced around 1 per cent.

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